TheDollarinWorldMarkets
AccordingtoaleadingGermanbanker,theU.S.dollaris"themostfrequentlydiscussedeconomicphenomenonofourtimes."Headds,"…thedollarsexchangerateisatpresentthemostimportantpriceintheworldeconomy…".Becausethedollaractsasaworldcurrency,___(1)___.Thecentralbanksofmanycountriesholdhugereservesofdollars,andoverhalfofallworldtradeispricedintermsofdollars.Anyshiftinthedollarsexchangeratewillbenefitsomeandhurtothers.Somepeoplesuggest,therefore,____(2)___.