Multiple Choice
Which of the following is not true regarding Thailand?
A) Thailand was one of the slowest growing countries before the Asian crisis.
B) High levels of spending and low levels of saving placed upward pressure on prices of real estate, products, and on Thailand's local interest rate.
C) Thailand's baht was linked to the dollar prior to July 1997, which made Thailand an attractive site for foreign investors.
D) Thai banks provided many loans that were very risky in their attempt to make use of all of their funds.
E) All of the above are true.
Correct Answer:
Verified
Correct Answer:
Verified
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