All three statements are correct. The U.S. dollar is the leading reserve currency in the world, but it has been weakening against other currencies for most of the 2000s. The financial crisis of 2008 also led to a diminished stature of the U.S. dollar, as investors lost faith in the stability of the U.S. economy.

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The U. S. Dollar

Question 91

Multiple Choice

The U. S. dollar:

A) is the world's leading reserve currency.
B) has been weakening against other currencies for most of the 2000s.
C) has diminished in stature due to the financial crisis of 2008.
D) All of these are correct.

Correct Answer: