If Thailand Fixes the Foreign Exchange Value of Its Currency

question 116

Multiple Choice

If Thailand fixes the foreign exchange value of its currency and follows a highly expansionary monetary policy,

• A) Thailand will be unable to maintain both the fixed-exchange rate and the full convertibility of its currency
• B) Thailand will experience rapid economic growth.
• C) it will be easier for Thailand to engage in international trade.
• D) Thailand will have relatively low rates of inflation.

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