Which one of the following is true? A. Most of the U.S. currency in existence circulates outside U.S. borders. B. Traveler's checks are not considered to be money because they are not valid unless signed. C. Balances in money market deposit accounts are counted in M1 but are not included in M2. D. Transaction deposits are counted in M2 but are not included in M1.

The US dollar is considered the strongest and most stable currency in the world. That is the reason why so many governments use the US dollar as a reserve of value. Some foreign countries even adopted the US dollar as their own currency, e.g. El Salvador, Ecuador, Guam, Zimbabwe, etc.

Tundexi Tundexi · Answer 2 · 2021-12-02T14:00:00+01:00

It is true is that most of the U.S. currency in existence circulates outside U.S. borders.

In international trade, the United States dollars is the currency which forms the basis of trade for majority of country in the entire continent.

The US Dollars is used in international tarde because of the integrity and stability its offers in the foreign market

The Secretary of the Treasury and the Federal Reserve estimated that more then 60% of US dollar bills are circulating outside its borders.

Therefore, the Option A is correct because It is true is that most of the U.S. currency in existence circulates outside U.S. borders.

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