Thailand is a net-importer. This means that they import more than they export. How does this affect the value of their currency with respect to foreign exchange? a. their currency will not be affected b. their currency will become strong c. their currency will become weak d. None of these

Thailand is a net-importer. This means that they import more than they export. How does this affect the value of their currency with respect to foreign exchange? a. their currency will not be affected b. their currency will become strong c. their currency will become weak d. None of these

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter34: International Finance

Section: Chapter Questions

Problem 12QP

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Question

40.

Thailand is a net-importer. This means that they import more than they export. How does this affect the value of their currency with respect to foreign exchange?

a.
their currency will not be affected

b.
their currency will become strong

c.
their currency will become weak

d.
None of these

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Thailand is a net-importer. This means that they import more than they export. How does this affect the value of their currency with respect to foreign exchange? a. None of these b. their currency will become weak c. their currency will not be affected d. their currency will become strong