What Is Dollarization

question 156

Multiple Choice

What is dollarization?

• A) a price reduction strategy where everything within a country is sold at a rounded dollar amount
• B) the complete elimination of U.S. currency from a nation's economy
• C) making the denominations of local currency identical to those in U.S. currency
• D) the process by which a country in whole or in part adopts the U.S. dollar as its official currency
• E) the practice of a country's using the U.S. banking system for its transactions

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Definitions:

Neuron

A neuron, which serves as the foundational unit of the nervous system, crucial for conveying information all over the body.

Absolute Refractory Period

A time during which a neuron is unable to fire another action potential, no matter how strong the incoming stimulus.

Neuron

The basic working unit of the brain, a specialized cell designed to transmit information to other nerve cells, muscle, or gland cells.

Axon

A long, threadlike part of a nerve cell along which impulses are conducted from the cell body to other cells.