Question 882 Asian currency crisis, foreign exchange rate, original sin, no explanation
In the 1997 Asian currency crisis, the businesses most vulnerable to bankruptcy were those that:
(a) Borrowed in their own domestic currency, for example a Thai business borrowing in Thai Baht.
(b) Borrowed in US Dollars.
(c) Lent in their own domestic currency, for example a Thai business lending in Thai Baht.
(d) Lent in US Dollars.