Why, according to Stiglitz, are SDRs inadequate as a global reserve currency?
a. SDRs are pegged to the US dollar.
b. Their exchange rates fluctuate too wildly.
c. Poorer countries have no access to them.
d. They are allocated based on a country's shares in the IMF.
Question 2
According to Stiglitz, switching to a global reserve currency will reduce the value of the US dollar, but __________.
a. ultimately reduce US deficits
b. increase the value of the euro and RMB
c. also reduce the value of all other currencies
d. spur foreign investment in the US
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