Consider the following statement in regard to reserve currency :(1) Reserve currency acts at the international pricing currency in the global market for commodities like oil and gold. (2) The country whose local currency is accepted as reserve currency gets an added advantage in terms of lower commodity rates in the international market. Which of the statements given above is / are correct

Consider the following statement in regard to reserve currency :(1) Re

1.	Consider the following statement in regard to reserve currency :(1) Reserve currency acts at the international pricing currency in the global market for commodities like oil and gold. (2) The country whose local currency is accepted as reserve currency gets an added advantage in terms of lower commodity rates in the international market. Which of the statements given above is / are correct
A.	I only
B.	2 only
C.	Both 1 and 2
D.	Neither 1 nor 2
Answer» D. Neither 1 nor 2

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