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:

Autonomous Motivation

Motivation that arises from genuine interest or personal value, rather than external pressures or rewards.

Effective Performance

The degree to which an individual, team, or organization meets or exceeds the required outcomes or objectives.

Basic Psychological Needs

Fundamental requirements for psychological well-being, including autonomy, competence, and relatedness.

Autonomous

Having the ability or privilege to make one's own decisions or actions independent of external influence or control.