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:

Land Plants

Plants that have adapted to live primarily on land, including a wide range of flora from grasses to trees.

Algae

An informal group of unicellular, or simple multicellular, photosynthetic protists that are important producers in aquatic ecosystems.

Thylakoid Membranes

Membrane-bound compartments inside chloroplasts and cyanobacteria where photosynthesis takes place.

ATP

Adenosine triphosphate, a molecule that stores and transfers energy within cells.