Multiple Choice
Refer to Figure 15.3 for the following questions.
Figure 15.3
-If the government of Thailand wants to peg the baht to the United States (US) dollar at a value below 0.03 baht per US dollar, as seen in Figure 15.3, then:
A) the baht will be overvalued.
B) the supply of baht for US dollars will be greater than the demand of baht for US dollars.
C) there will be a shortage of baht.
D) the par exchange rate will be set above the equilibrium exchange rate.
Correct Answer:
Verified
Correct Answer:
Verified
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