Between May and July 1997,concerns About the Large Current Account

question 113

Multiple Choice

Between May and July 1997,concerns about the large current account deficit in Thailand and the weakness in the Thai financial system caused speculators to suspect that Thailand might be forced to

• A) devalue its currency.
• B) sell baht to prop up its value.
• C) buy dollars to prop up the baht.
• D) impose capital controls.

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Definitions:

Psychotherapy

A treatment technique in which a therapist uses psychological methods to help a person change behavior and overcome problems in desired ways.

Fantasies

Imaginative or fanciful thoughts, especially those not based on reality.

Repressions

A defense mechanism where distressing thoughts and feelings are unconsciously excluded from conscious awareness.

Stimulants

Compounds that boost energy, attentiveness, and alertness through the stimulation of the central nervous system activity.