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Username: Peter

Rating:
Guru Stars

Asked to: Goro Yang

Date Created: 02 Mar 2016
Category 46
Tag Financial
Question What is a key currency?
Advice from Guru
Hello Peter,

The currency used as a reference in an international transaction or when setting an exchange rate. The key currency used is usually issued by a stable, developed country such as the United States. Central banks also hold key currencies in reserve (reserve currency).

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