Which of the Following Is True of International Reserve Currencies

question 71

Multiple Choice

Which of the following is true of international reserve currencies?

• A)They are used for international exchange of goods and services.
• B)They are used to settle international debt.
• C)They are used for international bookkeeping.
• D)They are held for government investment abroad.
• E)They are created for international stock market trading.

---

Definitions:

Reasoning Skills

The cognitive abilities that enable a person to think logically, evaluate arguments, and solve problems systematically.

Social Contract Orientation

Involves understanding societal rules and norms as agreements among individuals to ensure social harmony and mutual benefit.

Personal Fable

A belief held by adolescents that they are unique, invulnerable, and can do anything, a form of egocentrism seen in this developmental stage.

Imaginary Audience

A psychological concept where an individual believes that his or her actions are the center of others' attention, common in adolescence.