Question
Exchange rates can indicate economic health by
A: showing exactly how much of each nation’s currency is liquid.
B: revealing how much of each nation’s income goes to savings.
C: showing the relative strength of different nations’ currencies.
D: examining spending patterns across nations and continents.
A: showing exactly how much of each nation’s currency is liquid.
B: revealing how much of each nation’s income goes to savings.
C: showing the relative strength of different nations’ currencies.
D: examining spending patterns across nations and continents.
Answers
GPT-4o mini
C: showing the relative strength of different nations’ currencies.
Exchange rates provide insights into the strength and stability of a country's economy relative to others, as they reflect factors such as inflation, interest rates, and economic performance.
Exchange rates provide insights into the strength and stability of a country's economy relative to others, as they reflect factors such as inflation, interest rates, and economic performance.