Question: Either question 2. The IMF recognizes the US dollar, the euro, the Japanese yen, the British pound and the Chinese yuan as reserve currencies that
Either question 2. 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.
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
