What Happens if the Dollar is No Longer the Global Reserve Currency?

Mark all of the following that are benefits that the US receives because the US Dollar is the worlds reserve currency.

• Helps increase the US Standard of Living

• Makes it cheaper and easier for the US to borrow money

• Allows us the power to inflict sanctions on other countries that do not do what we would like them to do.

• It allows us to take money from other countries that we do not have to repay

• It makes imports more expensive

Russia has moved from doing business in US Dollars to using which currency?

• Indian Rupee

• Chinese Yuan

• British Pound

How much of the worlds reserve currency is in US Dollars?

• 50%

• 60%

• 3%