In the case of Thailand in 1997,the Thai government was running a large:

Name: In the case of Thailand in 1997,the Thai government was running a large:
Brand: Quizplus
Rating: 4.8 (60 reviews)

Question

Quizplus · Accepted Answer

A current account deficit means that a country is importing more goods and services than it is exporting, therefore it needs capital inflows from abroad to finance the deficit. This was the case with Thailand in 1997, where the country had been running a large current account deficit, which led to significant borrowing from foreign investors.

In the Case of Thailand in 1997,the Thai Government Was