Which of the following factors caused the dollar to be undermined as the main currency in international commerce?
a. China allowing its currency, the yuan, to become freely convertible
b. The creation of the euro as a highly stable currency
c. Concerns of U.S. government budget surpluses
d. The Race to the Bottom
Question 2
As the role of the U.S. dollar becomes undermined as the main currency of international commerce, the __________ has emerged as a highly stable form of currency to which many governments have already shifted in regards to reserve currency.
a. Chinese yuan
b. Australian dollar
c. Euro
d. Japanese yen
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