At one time, the United States Dollar (US$) was the undisputed leader in the conduct of international business transactions. In your opinion, which currency will be the main reserve for international transactions in the future? Please provide a rationale for your choice.

International business transactions require an exchange of currencies so that each party receives its domestic currency. Since exchange rates fluctuate, risk exists. How would you propose to hedge foreign exchange risk?

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The future of the main reserve currency for international transactions is uncertain and can be influenced by various factors Currently the United States Dollar USD holds a dominant position as the pri... View the full answer