The USDollar Is Called a ________ Because It Is Often Used

question 20

Multiple Choice

The U.S.dollar is called a ________ because it is often used as a medium of exchange in international markets.

• A) Transit currency
• B) Main currency
• C) Reserve currency
• D) Target currency

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Definitions:

Real GDP

The measure of a nation's total economic output adjusted for price changes and inflation, representing the actual value of goods and services.

Price Indexes

Statistical measures reflecting the average change over time in the prices paid by consumers or received by producers for goods and services.

Nominal GDP

The market value of all goods and services produced in a country in a given period, measured using current prices, without adjusting for inflation.

Real GDP

Represents the total value of all goods and services produced within a country's borders, adjusted for price changes or inflation.