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

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.

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dubeyshailja64 dubeyshailja64 · Answer 2 · 2022-06-06T13:07:45+02:00

To strengthen the currency of a country Thomas should suggest focusing on increasing the exports of a country.

What are exports?

Exports refer to sending of goods to foreign countries with the objective of selling in exchange for money. These goods can be food, materials, equipment, clothes, jewelry, and so on.

When the country exports the goods to other countries, they will receive the amount from other countries which will help them to grow and strengthen their economic position.

Therefore, the exports should be increased to boost the currency.

Learn more about exports, here:

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