Asked by Jessica Biddle on Jun 30, 2024

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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.
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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.