When foreign investors in Thailand began to realize that Thailand could not maintain its peg to the dollar indefinitely,they began to ________ in Thailand and exchange ________.This change in investment by foreigners is termed capital flight.

Question

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Foreign investors realized that Thailand could not maintain its peg to the dollar indefinitely, which led to a loss of confidence in the Thai economy. As a result, foreign investors sold off their investments in Thailand and exchanged the baht they received for dollars. This phenomenon is known as capital flight.

When Foreign Investors in Thailand Began to Realize That Thailand