1. Which of the following is NOT a known cause of the Russian Ruble Crisis of 1998?

A. Very huge budget deficits

B. Pressure on the ruble owing to the Asian Contagion of the year before

C. Artificially high fixed exchange rate for the ruble

D. Property speculation

2. As a consequence of the ruble crisis in 1998, the Russian government was forced to default on ___ debt as well as suspend payment to ___

A. Domestic; foreign creditors

B. Domestic; domestic credits

C. Foreign; domestic

3. Which of the following is FALSE regarding the Irish economy? The 2008 global financial crisis resulted in

A. Significant drop in property prices

B. Collapse of the Irish currency

C. Sharp rise in Irish unemployment rate

D. Huge increase in budget deficits and public debt