Why is it essential for the US to keep US dollar on top by being used worldwide?
It gives america more power yes, but what else will it effect in our country?
- SocratesLv 79 years agoFavorite Answer
One reason is because oil is traded on US dollars worldwide. The stronger the dollar, the less expensive oil is to the US.
- 9 years ago
we dont do that, other countries decided to use the dollar as a basis. It realy does not help or hurt us
- Anonymous9 years ago
because oil is based off the us dollar.