The U.S. dollar is called a _____ because it is often used as an intermediary to accomplish trading between two other currencies.

Question

Quizplus · Accepted Answer

The U.S. dollar is commonly referred to as a "vehicle currency" because it is often used as an intermediary currency in foreign exchange transactions between two other currencies. This means that the two currencies being exchanged will first be converted into U.S. dollars before being exchanged into the desired currency.

The US Dollar Is Called a _____ Because It Is Often