Figure 19-3 -Refer to Figure 19-3.Which of the Following Is Not True

Multiple Choice

Figure 19-3
-Refer to Figure 19-3.Which of the following is not true?

A) Thai imports from the United States are cheaper at exchange rates greater than $.03/baht than at the equilibrium exchange rate.
B) The baht is overvalued at exchange rates greater than $.03/baht.
C) To achieve an exchange rate greater than $.03/baht,the Bank of Thailand must buy surplus dollars with bahts.
D) Thai exports to the United States are more expensive at exchange rates greater than $.03/baht than at the equilibrium exchange rate.