Among IMF member countries, the dollar's dominant position in the world's reserve holdings may decline to a certain extent as the euro becomes a "known quantity" and its external value becomes more stable. In fact, the euro's share has increased
A)from zero percent in 1999 to 25.8 percent in 2006.
B)from 13.5 percent in 1999 to 25.8 percent in 2006.
C)from 13.5 percent in 1999 to 52.8 percent in 2006.
D)none of the above

Question

Quizplus · Accepted Answer

The euro's share in the world's reserve holdings has increased from 13.5 percent in 1999 to 25.8 percent in 2006, as stated in the passage. Therefore, option B is correct. Option A is incorrect because the euro did not have zero percent share in 1999. Option C is incorrect because the euro's share did not increase to 52.8 percent in 2006. Option D is incorrect because there is a correct answer in this case.

Among IMF Member Countries, the Dollar's Dominant Position in the World's