Explore BrainMass

Explore BrainMass

    US currency

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    Why do people abroad have such faith in the U.S. currency?

    © BrainMass Inc. brainmass.com October 9, 2019, 6:24 pm ad1c9bdddf

    Solution Preview

    People abroad have such faith in the U.S. currency because it is the most used currency in the world today. Several countries in the world use the U.S. dollar as their official currency, and many others allow it to be used in a de facto capacity. The dollar is also used as the standard unit of currency in international markets for commodities such as gold and petroleum. The dollar is preferred to many other currencies because it is a ...

    Solution Summary

    The solution discusses why people abroad have such faith in the U.S. currency.