Question

Change of currency affects the economic stability of a country. Comment

Answer 1

I had the same question in my exam,it was of 1 mark, I wrote this answer and scored 1 mark on the question!

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Although the effects can take time, changes in the exchange rate can have a big impact on the economy and your own standard of living and purchasing power! 

..........................please mark as BRAINLIEST answer........................

Answer 2

Answer:

It is true that change of currency affects the economic stability of a country.

Explanation:

The effects take some time to come in. The monetary policy of any country is directly affected by a change in currency. The exchange rate changes. This influences the economy at large, leaving behind its imprints on the purchasing power and "standard of living" of people. Moreover, the effect is seen in international trade. Currency change affects the country’s trade deficit.