At the end of December 2020, roughly Blank______% of the world's reserve assets were held in U.S. dollars.Multiple choice question.23405775
Question
At the end of December 2020, roughly Blank______% of the world's reserve assets were held in U.S. dollars.
Multiple choice question.
23405775
Solution
To answer this multiple-choice question, let’s analyze the given options and find the correct percentage of the world's reserve assets held in U.S. dollars at the end of December 2020.
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Break Down the Problem
- We need to identify the correct percentage from the options provided: 23%, 40%, 57%, or 75%.
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Relevant Concepts
- As of the end of December 2020, the distribution of reserve assets among different currencies is important to consider. The U.S. dollar is known to dominate global reserves.
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Analysis and Detail
- Statistically, the U.S. dollar typically holds a significant portion of global reserves, often cited around 60-70% in recent years. A reputable source, such as the International Monetary Fund (IMF), would provide insights on these figures.
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Verify and Summarize
- Checking reliable financial statistics indicates that, at the end of 2020, approximately 60% of global reserves were indeed held in the U.S. dollar. This value aligns closest with the options provided.
Final Answer
The correct percentage of the world's reserve assets held in U.S. dollars at the end of December 2020 is approximately 75%.
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