A country whose economy is buoyant is likely to have

Assessment: WAEC SSCE - Economics - 2007 (Objective) Subject: Economics

Question 1 Report

A country whose economy is buoyant is likely to have
Answer Details
A country with a buoyant economy is likely to have a strong currency. A strong economy typically means that there is a high demand for the country's currency, which in turn raises the exchange rate. This can make imports cheaper, which can help to further stimulate economic growth. Additionally, a strong currency can attract foreign investment and can also help to improve the country's balance of payments. Therefore, a strong currency is generally seen as a positive sign for a country's economy.
Read lesson note on Economics As A Science (JAMB)
Read lesson note on Money And Inflation (JAMB)
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