Multiple Choice
The United States realizes several benefits from the dollar serving as the main reserve currency of the world, including
A) Americans can buy goods at a marginally cheaper price than households in other nations who must exchange their currency with each purchase and pay a transaction cost.
B) Americans can borrow at lower interest rates for homes and automobiles.
C) the U.S. government can finance larger deficits longer and at lower interest rates.
D) All of these are correct.
Correct Answer:
Verified
Correct Answer:
Verified
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