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Why was it nearly impossble to buy goods and services on credit (advances or loans)...

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Why was it nearly impossble to buy goods and services on credit (advances or loans) in the Brazillian economy in the 1990s? 1. Prices were rising rapidly and the Brazillians did not believe in its value in the future? 2. Money was no longer accepted as way to honour/settle transactions? 3. Some professors ran an experiment and the experiment did not work? 4. The ranchers hid all their cattle and refuse to sell it

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