Question

Question 1 8. SO

The chart depicts the credit rating of Russia over the past two decades. Which of the following statements would best accompany this graph?

As the risk that Russia would default increased around 1998, its credit rating decreased abruptly. Investors who were holding bonds from the Russian government lost money because their bonds had a higher yield than the new ones that Russian issued after this abrupt drop in its credit rating.

As the risk that Russia would default increased around 1998, its credit rating increased abruptly. Investors who were holding bonds from the Russian government lost money because their bonds had a lower yield than the new ones that Russian issued after this abrupt increase in its credit rating.

As the risk that Russia would default increased around 1998, its credit rating decreased abruptly. Investors who were holding bonds from the Russian government lost money because their bonds had a lower yield than the new ones that Russian issued after this abrupt drop in its credit rating.

As the risk that Russia would default increased around 1998, its credit rating increased abruptly. Investors who were holding bonds from the Russian government lost money because their bonds had a higher yield than the new ones that Russian issued after this abrupt increase in its credit rating.

Please choose one option and enter the number.

Answer 1

first one:

as the risk Russia would default increased around 1998, its credit rating decreased abruptly.Investors who were holding bonds from Russian government lost money because their bonds had higher yield then the new ones that Russian issued after this abrupt drop in its credit rating.