Which of the Following Is Not True Regarding Thailand Before

Multiple Choice

Which of the following is not true regarding Thailand before the Asian crisis?

A) Thailand was one of the slowest growing countries.
B) High levels of spending and low levels of saving placed upward pressure on prices of real estate, products, and on Thailand's local interest rate.
C) Thailand's baht was linked to the dollar prior to July 1997, which made Thailand an attractive site for foreign investors.
D) Thai banks provided many loans that were very risky in their attempt to make use of all of their funds.
E) All of these are true.