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A country is said to be in a debt trap if

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A country is said to be in a debt trap if
  • A. it has to borrow to make interest payments on outstanding loans
  • B. it has to borrow to make interest payments on standing loans
  • C. it has been refused loans or aid by creditors abroad
  • D. the Word Bank charges a very high rate of interest on outstanding as well as new loans
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