G3. Management of currency exchange rates is one of the key components of monetary policy. Explain two reasons why stabl

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G3. Management of currency exchange rates is one of the key components of monetary policy. Explain two reasons why stabl

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G3. Management of currency exchange rates is one of the keycomponents of monetary policy.Explain two reasons why stable exchange rates for local currencyare vital to the economyof a country, and support each reason with an example fromSingapore. In your opinion,comment why the Singapore government should use monetary policy andfiscal policy tomaintain national economic health, instead of using monetary policyonly.
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