Dollarization Refers To

question 155

Multiple Choice

Dollarization refers to:

• A) increased trade with the United States, resulting in a glut of dollars circulating in the domestic economy.
• B) the fall of the U.S. dollar.
• C) the dominance of the U.S. dollar in international finance.
• D) the adoption of any foreign currency as an official currency by nations outside the United States, such as El Salvador and Ecuador.

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Definitions:

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