All of the following actions were taken by the Thai government to help Thailand maintain its peg against the dollar in the 1990s except

Question

Quizplus · Accepted Answer

The Thai government did not impose restrictions on exports to the United States to prevent too many dollars from entering the economy. Instead, the government relied on borrowing dollars from the International Monetary Fund, buying baht on the foreign exchange market, and increasing domestic interest rates to maintain its peg against the dollar in the 1990s.

All of the Following Actions Were Taken by the Thai