Short questions
Question 1
Explain what is meant by the debt service ratio.
Question 2
Explain' vulture funds' and outline the problems they can create for indebted nations.
Question 3
Explain how the concept of opportunity cost is relevant when considering the servicing of the debts of less developed countries.
Question 4
Explain why less developed countries need to borrow from foreign creditors rather than from domestic creditors.
Question 5
Define the term 'debt swap'.