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.
The base currency, or denominator, is the first in a currency pair, the second currency is the quoted currency. The value of the quoted currency is expressed in terms of one unit of the base currency. In euro/dollar, for example, the value of the dollar is quoted or expressed in terms of one euro.