Problem
1. What is meant by a reserve currency? Historically, which currencies have assumed this role?
2. What is the current role of gold in the international monetary system?
3. What advantages does a gold exchange standard have over a pure gold standard?
4. What are special drawing rights? Why were they created? How is their value determined?
5. What facilities exist for trading nations that wish to borrow international reserves?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.