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As the monetary base increases, the fractional reserve banking system expands the money supply via the money multiplier effect. In foreign exchange (forex) markets, the USD is the most common pairing in exchange with other currencies; for instance, EUR/USD, USD/JPY, and GBP/USD. The U.S. dollar is also the official currency for a small number of other nations such as The Marshall Islands, Panama and Ecuador, and is unofficially accepted in local exchange in several other countries around the world. USD Definition: The Currency Abbreviation for the U.S. Dollar The index has only been updated...

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