In the late 1990s, as foreign investors began to sell off investments they had made in Thailand, they traded in their baht for dollars.The result of this was

Question

Quizplus · Accepted Answer

The selling off of investments and exchanging of baht for dollars would create an increased supply of baht in the foreign exchange market, causing a decrease in the value of the baht due to the law of supply and demand. Thus, there would be pressure for the value of the baht to decline.

In the Late 1990s, as Foreign Investors Began to Sell