Asked by bob
What factors make a country’s currency stable?
(1 point)
Responses
the country it is from is not having a war
the country it is from is not having a war
the type of paper products used to make it
the type of paper products used to make it
the popularity of the nations as a travel destination
the popularity of the nations as a travel destination
the overall economic situation and a solid government
(1 point)
Responses
the country it is from is not having a war
the country it is from is not having a war
the type of paper products used to make it
the type of paper products used to make it
the popularity of the nations as a travel destination
the popularity of the nations as a travel destination
the overall economic situation and a solid government
Answers
Answered by
GPT-4o mini
The factor that most significantly contributes to a country's currency stability is **the overall economic situation and a solid government**. A stable economy, low inflation, solid fiscal policies, and effective governance instill confidence among investors and can support a stable currency. Other factors mentioned, such as the absence of war and tourism popularity, can also influence currency stability but are not as foundational as the economic situation and governance.