Understanding the Global Influence of the US Dollar

What percentage of global foreign exchange reserves is held in US dollars?

• 40%

• 88%

• 59%

• 75%

Which agreement established the US dollar as the world's reserve currency?

• Versailles Treaty

• NAFTA

• Maastricht Treaty

• Bretton Woods Agreement

What was the primary reason for the end of the Bretton Woods system?

• Nixon ending the dollar's convertibility to gold

• The rise of the Euro

• The Great Depression

• World War II

Why do central banks hold large amounts of US dollars?

• To invest in US real estate

• To influence US politics

• To conduct international trade and maintain stability

• To support local currencies

What is a key commodity that is primarily priced in US dollars?

• Copper

• Natural Gas

• Oil

• Silver

How does the US dollar influence global financial markets?

• Through direct investment in foreign companies

• By controlling global stock exchanges

• Through its role in government bonds and corporate loans

• By setting global interest rates

What is 'Dollar Diplomacy'?

• A method to stabilize the US economy

• A US policy to promote tourism

• A strategy to influence global politics through financial dominance

• A cultural exchange program

How does the US dollar impact global culture?

• By being a symbol of wealth and stability

• Through its role in global education

• Through its use in international sports

• By influencing global fashion trends

What is a significant challenge to the US dollar's dominance?

• Increased global tourism

• The decline of the US economy

• Emerging currencies like the Yuan

• The rise of the Euro

What percentage of global foreign exchange reserves does the Yuan account for as of 2023?

• 50%

• 25%

• 10%

• Less than 3%