The exchange rate for a stable country:
-remains the same unless there is political change.
-changes based on supply & demand
-is based on the U.S. Dollar.
-is based on gold.

Question

03-02-2021
Business

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The exchange rate for a stable country:
-remains the same unless there is political change.
-changes based on supply & demand
-is based on the U.S. Dollar.
-is based on gold.

Sagot :

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Samawati Samawati · Answer 1 · 2021-02-05T09:44:13-05:00

Answer:

The exchange rate for a stable country:

Explanation:

The exchange rate of a stable economy changes based on the market forces of demand and supply. The demand and supply for a country's currency will be influenced largely by prevailing economic conditions in that country. Political and other social reasons will not affect the exchange rate of the country.

An increase or decrease of a country's products in the international market is one of the reasons for an increase or decrease in the demand for its currency.

Sagot :

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