Question

54. Official currency used for indexing in OPEC countries is-----
a) US Dollars
b) Australian Dollars
c) Saudi Riyal
d) Euro​

Answer 1

gjjhgygcgghgfdghuuuij

Answer 2

Option “A” is correct i.e. US dollars.

• The official currency used for indexing in OPEC countries is US dollars.

• The dollar is the well-known global currency. Therefore, most international transactions, counting oil, are priced in dollars. Oil-exporting nations have dollars for their exports, not their peculiar currency.

• The organization of petroleum exporting countries uses US dollars for exporting oil and petroleum.

Hope it helped...