All of the Following Actions Were Taken by the Thai

question 55

Multiple Choice

All of the following actions were taken by the Thai government to help Thailand maintain its peg against the dollar in the 1990s except

• A)borrowing dollars from the International Monetary Fund in exchange for baht.
• B)buying baht on the foreign exchange market to support higher demand for the baht.
• C)increasing domestic interest rates to attract more foreign investors.
• D)imposing restrictions on exports to the United States to prevent too many dollars from entering the economy.

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Definitions:

Goods Sold

The total number of products or services that a company sells during a specific period.

Cash Balance

The amount of cash held by a company at a given point in time.

Minimum Cash Balance

The lowest amount of cash that a company aims to hold in its bank accounts at any time to meet routine operational expenses.

Cash Receipts

Money received by a business, including payments from customers, cash sales, and other sources of income.