Reserve currency
A currency held by central banks of many countries — a status the US Dollar has held since the post-war period, which is why commodity trade worldwide quotes in dollars, followed by the Euro.
This one is not written up yet
The definition above is the short version. A full explanation — how it works, a worked example and the exam traps — is still being written. In the meantime the chapter below covers it in context.
Written up from the same chapter
Where this is taught
Free preparation for NISM Series XV← All terms