What is the best explanation for the billions in American currency being held abroad?
Select one:
a. U.S. multinational corporations are holding the money but not reporting it.
b. Residents in foreign nations are using U.S. currency as stable currency to make transactions
c. There has been a proliferation of automatic teller machines throughout the world that allow people access to U.S. currency.
d. Drug dealers and others in the underground economy are holding the money.
One of the main reasons why it can be mentioned that billions of dollars are held abroad because it is known that American dollar is a relatively stable currency and for foreign, this is one of the most trusted currencies and people and foreign Nations use this currency for stable transactions abroad so that they can the set of their risk in dealing with other currencies all in all and therefore in this regard
(b) is the answer for this question
What is the best explanation for the billions in American currency being held abroad? Select one:...
What is the best explanation for the billions in American currency being held abroad? Select one: a. U.S. multinational corporations are holding the money but not reporting it. b. Drug dealers and others in the underground economy are holding the money. c. Residents in foreign nations are using U.S. currency as stable currency to make transactions d. There has been a proliferation of automatic teller machines throughout the world that allow people access to U.S. currency.
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