The U.S.dollar is most likely traded widely because it is ________.
A)a reserve currency held by many central banks
B)one of the oldest and most stable currencies in the world
C)monitored by the Bank of International Settlements and the U.S. Federal Reserve
D)based on prices of the NYSE, which is the world's largest foreign-exchange center

Question

Quizplus · Accepted Answer

The U.S. dollar is widely traded because it is a reserve currency held by many central banks. This means that other countries hold large amounts of U.S. dollars as a way to stabilize their own currencies and economies. This widespread use of the U.S. dollar in international trade and finance makes it a popular currency for foreign exchange transactions.

The USDollar Is Most Likely Traded Widely Because It Is ________