Refer to Figure 15.3 for the following questions.
Figure 15.3

-If the Thai government wants to maintain an exchange rate of 0.04 baht per United States (US)dollar, as illustrated in Figure 15.3, then it must:
A)purchase 100 million baht per day with US dollars.
B)purchase 50 million baht per day with US dollars.
C)sell 100 million baht per day in exchange for US dollars.
D)sell 50 million baht per day in exchange for US dollars.

Question

Refer to Figure 15.3 for the following questions.
Figure 15.3
 
-If the Thai government wants to maintain an exchange rate of 0.04 baht per United States (US)dollar, as illustrated in Figure 15.3, then it must:
A)purchase 100 million baht per day with US dollars. 
B)purchase 50 million baht per day with US dollars. 
C)sell 100 million baht per day in exchange for US dollars. 
D)sell 50 million baht per day in exchange for US dollars.

Quizplus · Accepted Answer

The Answer of Refer to Figure 15.3 for the following questions.
Figure 15.3
 
-If the Thai government wants to maintain an exchange rate of 0.04 baht per United States (US)dollar, as illustrated in Figure 15.3, then it must:
A)purchase 100 million baht per day with US dollars. 
B)purchase 50 million baht per day with US dollars. 
C)sell 100 million baht per day in exchange for US dollars. 
D)sell 50 million baht per day in exchange for US dollars.

Refer to Figure 15.3 for the Following Questions