Questions - answer both 1 and 2Reserve CurrenciesA. Which currencies does the IMF currently designate as "reserve currencies”?B. What is meant by "reserve currency" and why are reserve currencies important?C. Identify and explain two advantages related to international trade or the US economy, that the US has because the dollar is a reserve currency. D. Identify and explain one disadvantage related to international trade or the US economy, that the US has because the dollar is a reserve currency. The EuroA. How many countries are members of the European Union? (Since the EU is changing and growing, the textbook could be out of date. Be sure to find the current number of countries.)B. Currently, how many of those European Union members have adopted the euro as their currency? (Be sure your answer reflects current data. The textbook may be out of date.)C. Identify and explain two benefits that the Eurozone brings to its businesses and consumers. D. Identify and explain one potential drawback that membership of the Eurozone can have for its businesses and consumers.

Here is a brief explanation of the terms used in these questions:1. Reserve Currencies: Reserve…

Answered: Reserve Currencies A. Which currencies…

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

Related questions

Question

Questions - answer both 1 and 2

Reserve Currencies
A. Which currencies does the IMF currently designate as "reserve currencies”?
B. What is meant by "reserve currency" and why are reserve currencies important?
C. Identify and explain two advantages related to international trade or the US economy, that the US has because the dollar is a reserve currency.
D. Identify and explain one disadvantage related to international trade or the US economy, that the US has because the dollar is a reserve currency.
The Euro
A. How many countries are members of the European Union? (Since the EU is changing and growing, the textbook could be out of date. Be sure to find the current number of countries.)
B. Currently, how many of those European Union members have adopted the euro as their currency? (Be sure your answer reflects current data. The textbook may be out of date.)
C. Identify and explain two benefits that the Eurozone brings to its businesses and consumers.
D. Identify and explain one potential drawback that membership of the Eurozone can have for its businesses and consumers.