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.
We refer to the dollar as a âreserve currencyâ when referring to its use by other countries when settling their international trade accounts. For example, if Canada buys goods from China, China may prefer to be paid in US dollars rather than Canadian dollars.he first truly global reserve currency was the British pound sterling. Because the Pound was âgood as gold,â many countries found it more convenient to hold pounds rather than gold itself during the age of the gold standard.