The IMF recognizes the US dollar, the euro, the Japanese yen, the British pound and the Chinese
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Question:
The IMF recognizes the US dollar, the euro, the Japanese yen, the British pound and the Chinese yuan as “reserve currencies” that are accepted by governments and institutions in settling international payments. Mention and explain at least two advantages and one disadvantage, related to international trade or the US economy, that the US has because the dollar is a reserve currency.
Expert Answer:
The US dollar is the world s reserve currency This gives the US economy a number of advantages When the dollar is strong the US can import goods at a ... View the full answer
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