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WorksheetsProject 2: Going to
Total questions: 1
Worksheet time: 23mins
There are 3 big reasons why the dollar's dominance against other
currencies won't be waning anytime soon
The US dollar's dominant role as the world's reserve currency is not going to end anytime soon
According to a Tuesday note from the Carson Group.
Recent agreements between China and Russia, combined with rising tensions between those two countries, and the US, have sparked speculation that the US dollar is going to lose its dominance within the next decade.
"The intensifying geopolitical contest between Washington and Beijing will inevitably be felt in a bipolar global reserve currency regime," economist Nouriel Roubini said earlier this year.
But according to Carson Group's global macro strategist Sonu Varghese, the US dollar's role in the global economy is not at risk of ending.
"The US dollar's dominant role is not going to end any time soon, especially since there's no good alternative," Varghese wrote.
Detailed below are the three big reasons why the US dollar will stay resilient despite ongoing threats from global currencies, according to the Carson Group.
● “The world has confidence in the US, and thereby the US dollar”.
● “The US dollar is dominant in trade and internationality finance”.
● “The US is willing to maintain massive trade déficit”.
“Foreigners turn around buy the safest, most liquid security in the world, US treasuries. Some of them also simply hold USD in cash. These are liabilities of the US governments that the US is more than willing to issue. No other country, including the Eurozone, 100k remotely capable or willing to do that anytime son”, Vargnese said
1.- According to the text, why the dollar isn't going to continue to dominate the market?
The dollar is stronger than ever
There is a lot of money in the US
Isn't going to lose dominance in the market
All are correct
3.- What is this text about?
Reasons why the dollar is going to continue to dominate the market
They talk about China and Russia
Talk about the dollar
Of the clever organization of the US
2.- According to this sentence, what is the use of going to?
Is going to dominate the market
Is going to lose dominance
It is a maneuver to have more money
The dollar is no longer wort anything
4.- From paragraph 2, what is the correct sentence to complete the paragraph?
Recent agreements between China and Russia
Have sparked speculation that the US dollar is going to lose its dominance within the next decade
Combined with rising tensions between those two countries
The text is fine
5.- From paragraph 3, what is the main idea?
That Washington and Beijing made an alliance
That nothing happens between those 2 countries
These 2 countries have problems militarily
An economist spoke about the economic competence of these 2 countries
6.- From paragraph 4, what is the correct option to write the main idea?
Carson Group agree with the economist
Sonu Varghese says the dollar is in danger
Carson Group said the dollar is going to decline soon
According to Sonu Varghese, the US dollar is not at risk of ending
7.- Write reason 3 of paragraph 7
1
2
3
4
8.- From paragraph 5, what is the correct way to write the main idea?
The dominance of the dollar is not going to end because there is not god alternative
The dominance of the dollar is going to end because there are better currencies
There are better countries with better currencies
The dollar is the best currency in the world
9.- Write reason 7 of paragraph 7 in the present continuum
Currency is not going to end anytime
According to a Tuesday
The US dollar's dominant role
As the world's reserve
10.- Write the main idea of paragraph 8
No one choses the dollar
The dollar is better
The dollar is less reliable than the peso
People choose the dollar because it is reliable
