Hard currency is usually preferred because 1. It is seen as politically and economically stable. 2. It is widely accepted around the world as a form of payment for goods and services. 3. It is not likely to depreciate or appreciate suddenly. Select the correct answer code:

Asked in GPSC Prelims CSP 2 2024 · Topic: Foreign Exchange Market and Exchange Rate Determination (Foreign Exchange Market: Definition, Structure, and Participants)

1. 1, 2
2. 1, 3
3. 1, 2, 3
4. 2, 3

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