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Home Q & A Board Other Fields Homework Help Business Economics
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Chako Chako
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Posts: 2948
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8 years ago
Which of the following statements is TRUE about a vehicle currency?
A) There is much skepticism that the euro will ever evolve into a vehicle currency on par with the dollar.
B) The dollar is sometimes called a vehicle currency because of its pivotal role in many foreign exchange deals.
C) The pound sterling, once second only to the dollar as a key international currency, is beginning to rise in importance.
D) It is widely used to denominate contracts made by parties who reside in the country that issues the vehicle currency.
E) Vehicle currencies include nondeliverable currencies like the renminbi.
Textbook 
International Economics: Theory and Policy

International Economics: Theory and Policy


Edition: 10th
Author:
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machukianmachukian
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#1
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8 years ago
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Chako Author
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#2
8 years ago
I doubted this website before I signed up. I regret not being a member earlier lol
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#3
8 years ago
Thanks for the feedback, I'm sure others will appreciate it too
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