Question: You can answer either question, but do not plagiarize, meaning do not copy and paste answers from anywhere question 2. The IMF recognizes the US
You can answer either question, but do not plagiarize, meaning do not copy and paste answers from anywhere
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.
Or question 3. Theeuro is the currency adopted by 19 of the 28 members of the European Union. Mention briefly explain at least two benefits that the Eurozone brings to businesses and consumers. Then at least one potential drawback that membership of the Eurozone can have.
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