Which of the following statements is true about a vehicle currency?
A.
It is widely used to denominate contracts made by parties who reside in the country that issues the vehicle currency.
B.
The dollar is sometimes called a vehicle currency because of its pivotal role in many foreign exchange deals.
C.
There is much skepticism that the euro will ever evolve into a vehicle currency on par with the dollar.
D.
The pound sterling, once second only to the dollar as a key international currency, is beginning to rise in importance.
E.
Vehicle currencies include nondeliverable currencies like the renminbi.