The most significant factor that contributes to a country’s currency stability is the overall economic situation and a solid government. This encompasses aspects such as GDP growth, trade balance, inflation rates, and the credibility and effectiveness of the government and central banking institutions. While the other factors mentioned can have some influence, they do not have as direct an impact on currency stability as the economic fundamentals and governance do.
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 answer
1 answer