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During the latter half of the 20th century, Washington University transitioned from a strong regional university to a national research institution. In 1957, planning began for the construction of the “South 40,” a complex of modern residential halls. With the additional on-campus housing, Washington University, which had been predominantly a “streetcar college” of commuter students, began to attract a more national pool of applicants. By 1964, over two-thirds of incoming students came from outside the St. Louis area.

What proportion of students at Washington University came from outside the St. Louis area by 1964?
Answer: over two-thirds
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Financial problems and a reduction in tourism led to Norfolk Island's administration appealing to the Australian federal government for assistance in 2010. In return, the islanders were to pay income tax for the first time but would be eligible for greater welfare benefits. However, by May 2013 agreement had not been reached and islanders were having to leave to find work and welfare. An agreement was finally signed in Canberra on 12 March 2015 to replace self-government with a local council but against the wishes of the Norfolk Island government. A majority of Norfolk Islanders have objected to the Australian plan to make changes to Norfolk Island without first consulting them and allowing their say with 68% of voters against forced changes.

What actually ended up happening after Norfolk Island asked Australia for help?
Answer: islanders were having to leave to find work and welfare
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However, if the debt rescheduling causes losses on loans held by European banks, it weakens the private banking system, which then puts pressure on the central bank to come to the aid of those banks. Private-sector bond holders are an integral part of the public and private banking system. Another possible response is for wealthy member countries to guarantee or purchase the debt of countries that have defaulted or are likely to default. This alternative requires that the tax revenues and credit of the wealthy member countries be used to refinance the previous borrowing of the weaker member countries, and is politically controversial.

Who purchases the debt of countries that cannot repay and are in danger of default?
Answer:
wealthy member countries