Multiple Choice
For Ecuador, the result of adopting the dollar as its official currency is that
A) its government cannot capture revenue (seigniorage) by issuing currency.
B) there tends to be greater promise of lower interest rates and greater financial stability.
C) the rate of inflation in Ecuador is tied to that of the United States.
D) All of these are correct.
Correct Answer:
Verified
Correct Answer:
Verified
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