The U.S. dollar is fiat money. It is the currency most used in international transactions and is the world's most dominant reserve currency. Several countries use it as their official currency, and in many others it is the de facto currency. Besides the United States, it is also used as the sole currency in two British Overseas Territories in the Caribbean: the British Virgin Islands and the Turks and Caicos islands. A few countries use only the U.S. Dollar for paper money, while the country mints its own coins, or also accepts U.S. coins that can be used as payment in U.S. dollars, such as the Susan B. Anthony dollar. COUNT 5
QSN1 What kind of money is the U.S. dollar? ANS1 fiat money QSN2 Although for some countries the dollar is not their official currency, how do they use the currency? ANS2 de facto currency QSN3 Other than the British Virgin Islands, what other area in the Caribbean uses the dollar as it's sole currency? ANS3 Turks and Caicos islands QSN4 For countries that use the dollar as their paper currency, what other currency do they make? ANS4 mints its own coins QSN5 What is an example of a U.S. coin that can be used as payment in some countries? ANS5 Susan B. Anthony dollar