Dollarization of a Currency Occurs When a Country Takes All

question 25

True/False

Dollarization of a currency occurs when a country takes all of its own currency out of circulation and replaces it with U.S.dollars.

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Definitions:

Management Function

The primary roles and activities undertaken by managers to ensure the efficient and effective running of an organization.

Planning

The process of setting goals, developing strategies, and outlining tasks and schedules to accomplish the goals.

U.S. Small Business Administration

A federal agency that provides support to entrepreneurs and small businesses in the United States through loans, loan guarantees, counseling, and other forms of assistance.

Net New Jobs

The total number of jobs created in an economy, subtracting the number of jobs lost from the number of jobs gained over a specific period.