When a Country Forgoes Its Own Currency and Starts Using

question 57

Multiple Choice

When a country forgoes its own currency and starts using another country's currency as its own,we say that this country has

• A)created a currency board.
• B)undergone dollarization.
• C)adopted a managed exchange system.
• D)adopted an exchange rate monetary system.

---

Definitions:

Fundraising

The process of gathering voluntary contributions of money or other resources, typically for non-profit organizations.

Campaigns

Organized efforts aimed at achieving a specific goal, often through awareness-raising, advocacy, fundraising, or marketing activities.

Categories of Donors

The classification of individuals or entities that contribute funds, based on various factors such as donation size, frequency, or the nature of the contribution.

Financial Gift

A contribution made in the form of money or assets to individuals or organizations.