The principal reason(s) that so much U.S. currency is held outside the U.S is (are). banks all around the world find it convenient to hold large amounts of U.S. dollars U.S. citizens and corporations spend a lot of dollars abroad many people around the world trust the U.S. dollar more than any other currency all of the above none of the above

MACROECONOMICS
14th Edition
ISBN:9781337794985
Author:Baumol
Publisher:Baumol
Chapter19: The International Monetary System: Order Or Disorder
Section: Chapter Questions
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The principal reason(s) that so much U.S. currency is held outside the U.S is (are).
banks all around the world find it convenient to hold large amounts of U.S. dollars
U.S. citizens and corporations spend a lot of dollars abroad
many people around the world trust the U.S. dollar more than any other currency
all of the above
none of the above
Transcribed Image Text:The principal reason(s) that so much U.S. currency is held outside the U.S is (are). banks all around the world find it convenient to hold large amounts of U.S. dollars U.S. citizens and corporations spend a lot of dollars abroad many people around the world trust the U.S. dollar more than any other currency all of the above none of the above
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