An Official Reserve Currency Is

question 10

Multiple Choice

An official reserve currency is:

• A) The currency to which other countries fix their exchange rate to
• B) The currency of the largest economy of the world
• C) The currency of the first country to adopt a gold standard
• D) The currency of the most geographically central country of the world

---

Definitions:

Accounts Receivable Turnover

A financial ratio that measures how many times a company can turn its accounts receivable into cash within a period.

Year 2

A reference to the second year of operation, study, or observation, the specifics of which depend on the context.

Current Ratio

An indicator of how well a company can fulfill its short-term financial obligations within a year, calculated by the division of current assets by current liabilities.

Year 2

A reference to the second year of a company's operations, project timeframe, or any specific period's second year.