<span>The petro-yuan is an instrument being issued by the Chinese government, allowing for the purchase of oil futures contracts denominated in Chinese yuan and backed in gold. The fact that China is the world's largest petroleum importer and is guaranteeing this currency to be exchangeable for gold means that the currency is likely to be considered seriously by many investors as a stable reserve currency. This is troubling for the U.S. because for decades the dollar has been seen as the world's primary reserve currency - but this new option gives an alternative to that status quo.</span>
Ask about the person country of origin
Hey there,
Based on my research, you correct answer would be
Hope this helps.
~Jurgen
On September 25, 1789, Congress transmitted to the state Legislatures twelve proposed amendments to the Constitution. Numbers three through twelve were adopted by the states to become the United States (U.S.) Bill of Rights, effective December 15, 1791. James Madison proposed the U.S. Bill of Rights. The first 10 amendments to the Constitution make up the Bill of Rights. James Madison wrote the amendments, which list specific prohibitions on governmental power, in response to calls from several states for greater constitutional protection for individual liberties. For example, the Founders saw the ability to speak and worship freely as a natural right protected by the First Amendment. Congress is prohibited from making laws establishing religion or abridging freedom of speech. The Fourth Amendment safeguards citizens’ right to be free from unreasonable government intrusion in their homes through the requirement of a warrant.
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