New Reading Resource: Why Is the Dollar the World's Dominant Reserve Currency?

The U.S. dollar is the world’s dominant reserve currency, serving as a store of value, a medium of exchange, and a unit of account. But, what is a reserve currency? And how does a central bank use reserves in the global market? In this issue of Page One Economics®, read about the power of the dollar and its past, present, and future importance to the international economy.

Because of America's large economy, deep financial markets, and trusted institutions, investors and organizations worldwide often choose to hold and use dollar-denominated assets. This reading assignment lists practical examples of how the dollar is used in the global economy, helping high school and college students understand why the U.S. dollar dominates global reserve holdings.

By creating a free account on fre.org, you can easily assign this resource to your students using Canvas, Google Classroom, Schoology, Blackboard, or D2L Brightspace. The assignment contains a self-grading, multiple-choice assessment for the convenience of both teachers and students. Our tutorial page will help you get started.  
 
Check out the full resource page below!