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Pronunciation Guide
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Listen to native speakers pronounce “seigniorage” in real conversational contexts with synchronized timestamps and subtitles.
inside the United States. And this is because the US is the reserve, I mean; the dollar is the reserve currency of the world.This privilege in economics is called the seigniorage. So, the country that has the reserve currency can borrow against the total volume of dollar. So, this is explain whythe United States can have a debt, which is enormous in terms of any other nation, but it is allowed because the US has the dollar. So you see how important is the dollar for