Multiple Choice
Figure 30-3 
-Refer to Figure 30-3. 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.
Correct Answer:
Verified
Related Questions
Q62: If relative purchasing power between the United
Q65: A Big Mac costs $4.00 in the
