External debt A. is undesirablelong dash—only financially weak countries have it. B. is avoidablelong dash—only financially careless countries have it. C. is ubiquitous, or omnipresentlong dash—all countries have it. D. is unusuallong dash—countries only take it on when they must.

C. is ubiquitous, or omnipresent all countries have it.

Explanation:

External loan -

It refers to some specific amount from the country's total debt , which comes from the foreign lenders , like international financial institutions ,  government and the commercial banks , is referred to as the external loan .

The loans need to be paid along with the interest rate .

The loan need to be paid on the very same currency by which the loan was taken .

Hence , from the given question ,

The correct answer is c.  

answer; balance sheets;