What currency is held in large amounts by governments for the purpose of settling international debts and supporting the value of their national currency?
A)pegged currency
B)regional currency
C)cryptocurrency
D)reserve currency

Question

Quizplus · Accepted Answer

Reserve currencies are held in large amounts by governments and institutions as part of their foreign exchange reserves. They use these reserves to settle international debts and support the value of their national currency, among other purposes. The U.S. dollar and the Euro are examples of major reserve currencies.

What Currency Is Held in Large Amounts by Governments for the Purpose