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.
BREAKING DOWN 'Reserve Currency'. In 2011, the U.S. dollar was the primary reserve currency used by other countries. As a result, foreign nations closely monitored the monetary policy of the United States in order to ensure that the value of their reserves is not adversely affected by inflation.RELATED TERMS. currency reserve is a currency that is held in large amounts by governments and other institutions as part of their foreign ...