The U.S. dollar is the most heavily traded currency on the foreign exchange market for all of the following reasons EXCEPT:

Question

Quizplus · Accepted Answer

The U.S. being the largest consumer of oil, while relevant to global economic dynamics, is not a direct reason for the U.S. dollar's heavy trading on the foreign exchange market. The primary reasons include its role in international reserves, its use in settling international transactions, and the size of the U.S. financial markets.

The US Dollar Is the Most Heavily Traded Currency on the the Foreign