Why is the US dollar a popular currency for other nations?

• 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.

1 answer

• The US dollar is widely accepted and used for international trade and transactions.
• The stability of the US economy and government make the US dollar a safe and reliable currency to hold.
• The US dollar is a reserve currency held by many central banks around the world, providing confidence in its value.
• The widespread use of the US dollar in financial markets and the fact that it is the world's primary reserve currency contribute to its popularity.
Similar Questions
  1. Why is the US dollar a popular currency for other nations?a. Any country in the Americas can use it. b. Unlike most currencies,
    1. answers icon 1 answer
    1. answers icon 1 answer
  2. If a country sells a currency dollar would the exchange rate price be thecurrency/dollar or dollar/currency and what will the
    1. answers icon 1 answer
  3. Country and Currency Name Today’s Currency Exchange RateTechtopia (Techtopian dollar, or TPA) 1 USD = 1 TPA Crosswater
    1. answers icon 1 answer
more similar questions