What is a key reason why the risk of Venezuela defaulting is considered exaggerated?
Why Venezuela Should Default

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Business, Social Studies
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University
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Hard
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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Legal processes in sovereign defaults are typically lengthy.
Venezuela has no oil reserves to back its economy.
There are many recent examples of successful sovereign defaults.
Venezuela has already resolved its financial issues.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What legal actions have companies taken against Venezuela?
They have boycotted Venezuelan oil.
They have requested military intervention.
They have initiated ICSID litigation due to asset expropriation.
They have filed lawsuits in the International Court of Justice.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What financial strategy did Venezuela employ that was considered unnecessary?
Selling off all its oil reserves.
Nationalizing foreign companies.
Mortgaging Citgo.
Defaulting on all its debts.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What could bondholders offer Venezuela in exchange for economic reforms?
Military protection.
Oil warrants that pay when oil prices are high.
Immediate debt forgiveness.
Complete ownership of Citgo.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a major factor that could make oil companies more comfortable investing in Venezuela?
Venezuela's decision to stop oil production.
Increase in extraction costs.
Resolution of political risks.
A decrease in global oil prices.
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