The USDollar Has Been Considered a Reserve (Key) Currency Because Trading

question 16

True/False

The U.S.dollar has been considered a reserve (key) currency because trading nations have been willing to hold it as an international reserve asset.

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Definitions:

Means

Refers to the arithmetic average of a set of numbers, calculated as the sum of the numbers divided by the count of those numbers.

Null Hypothesis

A statistical hypothesis that assumes no significant difference or effect exists among the tested groups or variables.

Chi-Square Test

A statistical test used to determine if there is a significant difference between observed frequencies and expected frequencies in categorized datasets.

Independence

A situation in statistics where two events are not influenced by each other, and the occurrence of one does not affect the probability of occurrence of the other.