Which Nation Took the Bold Step of Abandoning Its Own

question 8

Multiple Choice

Which nation took the bold step of abandoning its own currency and adopting the U.S. dollar?

• A) China
• B) India
• C) Mexico
• D) Ecuador

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Definitions:

Emerging Markets

Countries with developing economies that are experiencing rapid growth and industrialization, offering investment opportunities.

Untapped Markets

Markets or segments currently not being served or fully served by companies, representing potential opportunities for expansion or entry.

Economic Activity

Actions that involve the production, distribution, and consumption of goods and services in an economy.

Emerging Market

Refers to economies that are in the process of rapid growth and industrialization, offering potential for high returns on investment.