Question

Thomas is a financial advisor to a committee seeking to revive the value of the national currency, which has grown weak. He has to suggest a point on which the nation should focus in order to strengthen its currency. Which trade element should Thomas suggest as a focus?
Thomas should suggest that the nation focus on (blank).

there are no choices

Answer 1

Answer:

Thomas should suggest that the nation should focus on exports of their country. As exports increases the demand for local currency increases at the same time. Current Account Deficit is a key factor which affects the price of local currency. The demand of any currency will make its strength. Making Current Asset surplus will be a beneficial position of any national currency value.