Asked by Jessica Biddle on Jun 30, 2024
Verified
North Korea is considered a poor candidate for a strong and widely traded currency. This is because of:
A) the presence of authoritarian leadership.
B) the country's open economy.
C) the country's high political stability.
D) the country's abundant wealth.
Authoritarian Leadership
A leadership style characterized by individual control over all decisions and little input from group members.
- Examine the impact of currency valuation on national industries and global commerce.
Verified Answer
ZK
Zybrea KnightJul 06, 2024
Final Answer :
A
Explanation :
North Korea's authoritarian leadership contributes to its isolation from the global economy, making its currency a poor candidate for strong and widely traded status. The government's strict control over the economy and limited engagement with the international community deter foreign investment and currency trading.
Learning Objectives
- Examine the impact of currency valuation on national industries and global commerce.