In Thailand in the late 1990s,there was pressure for the value of the baht to decline as foreign investors began to

Question

Quizplus · Accepted Answer

The pressure for the value of the baht to decline was due to foreign investors selling off their investments in Thailand and exchanging their baht for dollars. This caused a decrease in demand for baht and an increase in supply, leading to a depreciation of the currency. Option B, C, and D are incorrect as they describe scenarios which would have led to an appreciation of the baht, rather than a decline.

In Thailand in the Late 1990s,there Was Pressure for the Value