Question 1
Hard
Scarcely had the international currency market opened for trading ______.
A
while foreign institutional investors offloaded sovereign assets
B
than speculative trading triggered a sharp depreciation of the currency
C
then the national monetary authority intervened to stabilize liquidity
D
when speculative trading triggered a sharp depreciation of the currency
Correct Answer:
D
Explanation:
Scarcely had the international currency market opened for trading when speculative trading triggered a sharp depreciation of the currency.