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11 April, 16:58

Which of the following rose substantially in value against most other currencies as well as served as a reserve asset in many countries during the global economic and financial crises of 2008-2009?

a. U. S. dollar

b. Australian dollar

c. Indian Rupee

d. Peso

e. Yen

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Answers (1)
  1. 11 April, 19:25
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    a. U. S. dollar

    Explanation:

    Us dollar is the currency which rose substantially in value against most other currencies as well as served as a reserve asset in many countries during the global economic and financial crises of 2008-2009. About all the currency are converted in the world are against US dollars and then value in other currency to trade only if that are not pegged.
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