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.
For decades the dollar has also been the world's principal reserve currency; in 1996, the dollar accounted for approximately two-thirds of the world's foreign exchange reserves, as compared to about one-quarter held in euros (see Reserve Currency). Some of the world's currencies are still pegged against the dollar. Some countries, such as Ecuador, El Salvador, and Panama, have gone even further and eliminated their own currency (see dollarization) in favor of the United States dollar.