im taking the test soon! when are you able to use the calculator during the teas test? does the calculator become available at random or during the whole math part or just selected math questions? im not so good with arithmetic, so i worry i might not do so good in the math portion. and any tips regarding on taking the test would be appreciated.
DEFINITION of 'Reserve Currency'. A foreign currency held by central banks and other major financial institutions as a means to pay off international debt obligations, or to influence their domestic exchange rate. large percentage of commodities, such as gold and oil, are usually priced in the reserve currency, causing other countries to hold this currency to pay for these goods.
Foreign Exchange Reserves are foreign money held by International banks for use in international trade and in an effort to diversify their holdings and hedge against the inflation of their own currency. loss of reserve currency status is an economic disaster for the U.S. because if dollars are no longer needed to buy oil demand will fall and the value of the dollar will fall with it, that will further cripple the U.S. economy during a time of uncertain recovery.