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Figure 19-3 -Refer to Figure 19-3.Which of the Following Is Not True

Question 83

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Figure 19-3 Figure 19-3 -Refer to Figure 19-3.Which of the following is not true? A) U.S imports are cheaper at exchange rates greater than $.03/baht than at the equilibrium exchange rate. B) The baht is overvalued at exchange rates greater than $.03/baht. C) To achieve an exchange rate greater than $.03/baht,the Bank of Thailand must buy surplus dollars with bahts. D) Thai exports to the United States are more expensive at exchange rates greater than $.03/baht than at the equilibrium exchange rate.
-Refer to Figure 19-3.Which of the following is not true?


A) U.S imports are cheaper at exchange rates greater than $.03/baht than at the equilibrium exchange rate.
B) The baht is overvalued at exchange rates greater than $.03/baht.
C) To achieve an exchange rate greater than $.03/baht,the Bank of Thailand must buy surplus dollars with bahts.
D) Thai exports to the United States are more expensive at exchange rates greater than $.03/baht than at the equilibrium exchange rate.

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