"The dollar is currently the principal reserve currency in the world"
- Robert C. Solomon
About this Quote
This quote by Robert C. Solomon is describing the role of the US dollar in the worldwide economy. The United States dollar is the most utilized currency in the world, and it is the main currency held by central banks and other banks as a reserve asset. This implies that the United States dollar is the currency of choice for international transactions, and it is the currency that is utilized to settle most worldwide debts. The US dollar is likewise the currency utilized to price commodities such as oil and gold, and it is the currency utilized to set the value of other currencies. The United States dollar is the world's crucial currency, and its function as the principal reserve currency provides the US economy a great deal of impact in the international economy.
"Only as long as a company can produce a desired, worthwhile, and needed product or service, and can command the public, will it receive the public dollar and succeed"
"I went to school at this log school house. A white woman was my teacher, I do not remember her name. My father had to pay her one dollar a month for me. Us kids that went to school did not have desks, we used slates and set on the hued down logs for seats"
"The major material advantage, financial advantage from having a reserve currency is that between 200 and 300 billion dollar bills, that may be twenty, fifty, hundred dollar bills as well as ones, exist in the world - a lot of them in Russia as you all know I'm sure"
"The man who will use his skill and constructive imagination to see how much he can give for a dollar, instead of how little he can give for a dollar, is bound to succeed"
"Stock prices have been quoted in fractions for two centuries, based on a system descended from Spanish pieces of eight. Each dollar was cut into eight bits worth 12.5 cents each"
"On the average, five times as many people read the headline as read the body copy. When you have written your headline, you have spent eighty cents out of your dollar"
