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Quiz
A key currency and a world currency are different. The dollar is akey currency, not a world currency. This can be explained by the fact thatapproximately 190 countries in the world, they have their own nationalcurrencies, not the dollar. There are many reasons why Keynes and White decidednot to grant the dollar the status of a world currency, but the fact that theywere all Keynesian economists contributed to some extent. In Keynesian economics,it is argued that the market should be led and regulated by the state(government). To this happen, the government needs to have dominant authorityover the currency.
YES l NO
A key currency and a world currency are different. The dollar is akey currency, not a world currency. This can be explained by the fact thatapproximately 190 countries in the world, they have their own nationalcurrencies, not the dollar. There are many reasons why Keynes and White decidednot to grant the dollar the status of a world currency, but the fact that theywere all Keynesian economists contributed to some extent. In Keynesian economics,it is argued that the market should be led and regulated by the state(government). To this happen, the government needs to have dominant authorityover the currency.
YES l NO
Y E S