Question

Why is the US dollar a popular currency for other nations?
(1 point)
Any country in the Americas can use it.
Unlike most currencies, it is quite durable.
It is one of the stronger currencies in the world.
The United States is reluctant to trade in any other currency.
A)
A new nation has emerged and needs to create a currency. Which of these characteristics would makeit a medium of exchange?
(1 point)
if other nations begin to use it
if the nation’s economy is based on it
if the currency will hold its value over time
if it is accepted with a known currency, like the dollar

Answer 1

1) It is one of the stronger currencies in the world.

2) if the nation’s economy is based on it (i.e., people widely accept and use it for transactions).