This article picked by a teacher with suggested questions is part of the Financial Times free schools access programme. Details/registration here.
Specification:
Read the article and then answer the questions:
Argentina taps foreign banks for $3bn loan ahead of debt repayment
Questions
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Define the term debt payment [2]
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Using an exchange rate diagram, explain the impact of the ‘$3bn loan secured from six major international banks’ on the value of the Argentine Peso [4]
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Explain why Argentina might be ‘currently locked out of global capital markets by prohibitively high borrowing costs’ [4]
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Explain two reasons why the Argentine president may be ‘rebuilding the central bank’s foreign currency reserves’ [10]
Mark Johnson, Oxford International College, Brighton, InThinking/thinkIB