
Prior to the dominance of the dollar, the British pound was the world's most important reserve currency.
Correct Answer:
Verified
Q94: Travelers' checks issued by bank are included
Q95: Economists who view money primarily as a
Q96: Chronic inflation undermines the store of value
Q97: As people travel more, travelers' checks account
Q98: The U.S. dollar will always be the
Q100: M2 is a more liquid measure of
Q101: If the reserve requirement is 12 percent,
Q102: In developing countries, repeat loans like those
Q103: An important change that has taken place
Q104: A person from San Francisco can easily
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents