Practice mode Agriculture

What is the term for moving savings from developing countries to advanced industrial ones to escape expropriation, taxation and high inflation?

Correct answer B. Capital flight

Explanation

Capital flight happens when residents move funds abroad because they fear losses at home, draining the domestic savings that a developing economy needs for investment.

Report a problem

Answer checked How we write and check questions

Tip: press A, B, C or D to answer, and N for the next question.

Advertisement

Have a question about this answer?

Your email address will not be published. Required fields are marked *

Links and website addresses are not allowed in comments.