Everything’s a dollar! Candy – food, food – stationery, stationery – toothpaste, name it and they have it, all under a dollar. The Dollar Store, Dollar General, Dollar Tree, Costco; within every mile, near every gas station you can find a huge building with a dollar sign in some cases a 99 cents.
Tag: DOLLAR

A reserve currency is a national currency held by many other governments around the world as part of their foreign exchange reserves. The status of a reserve currency indicates a powerful economy as other governments depend on the reserve currency’s stability to manage their own monetary policies. It allows that country to ‘export inflation’; because when it prints money it circulates it outside its own economy as well, keeping the local money supply much more stable than non-reserve currencies that print money. Traders prefer working in a reserve currency because it minimizes costly exchanges when buying or selling and it gives them what they need most: efficiency and maximization of economic power of the nation to which the reserve currency belongs.