The US Dollar Has Historically Served as the Major International Reserve

question 12

Multiple Choice

The U.S. dollar has historically served as the major international reserve currency. This means that

• A) the United States lends other countries large sums of money.
• B) most international economic transactions take place in U.S. dollars.
• C) other countries and investors keep their savings in U.S. dollars.
• D) dollars are accepted in more countries worldwide.
• E) the United States controls major international economic institutions like the IMF and World Bank.

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Definitions:

Intelligence Quotient

A measure of a person's intellectual abilities relative to others, based on standardized tests.

Mental Age

A measure of an individual's cognitive ability expressed in terms of the age at which an average individual reaches the same ability.

IQ

Short for Intelligence Quotient, a numerical score derived from standardized assessments designed to measure human intelligence and cognitive abilities.

Individual Differences

Refer to the variations or disparities among individuals in regard to their behaviors, emotions, cognition, and development.