The US Dollar Has Historically Served as the Major International Reserve

question 1

Multiple Choice

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

• A) the U.S. 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 U.S. controls major international economic institutions like the IMF and World Bank.

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