Dollarization Is the Use of the U

question 41

Essay

Dollarization is the use of the U.S. dollar as the official currency of the country. List and explain the arguments for and against dollarization. Provide example/s of countries that used the dollar as its official currency.

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Definitions:

Appropriations

The allocation of funds by a governing body, such as a legislature, to various departments or projects within its jurisdiction.

Political Economy

The study of how political factors influence economic systems and the distribution of wealth and resources.

Social Agency

An organization or entity that operates with the purpose of providing social services, support, or advocacy to individuals and communities in need.

Survival

The act of continuing to live or exist, often despite hardship or danger.