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.
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