im taking the test soon! when are you able to use the calculator during the teas test? does the calculator become available at random or during the whole math part or just selected math questions? im not so good with arithmetic, so i worry i might not do so good in the math portion. and any tips regarding on taking the test would be appreciated.
DEFINITION of 'Reserve Currency'. A foreign currency held by central banks and other major financial institutions as a means to pay off international debt obligations, or to influence their domestic exchange rate. large percentage of commodities, such as gold and oil, are usually priced in the reserve currency, causing other countries to hold this currency to pay for these goods.
DEFINITION of 'Cash Reserves '. In finance, cash reserves primarily refers to two things. One is a type of short-term, highly liquid investment that earns a low rate of return (perhaps 3\% annually) such as investment company Fidelity's mutual fund called Fidelity Cash Reserves. This is where some individuals keep money that they want to have quick access to. The other type of cash reserves refers to the money a company or individual keeps on hand to meet its short-term and emergency funding needs.