Multiple Choice
Dollarization is a policy action that
A) tries to stabilize the value of the local currency vs. the U.S. dollar.
B) adopts the currency of another country as the national medium of exchange.
C) mimics policy actions taken by the U.S. Federal Reserve.
D) outlaws the holding of foreign currencies other than the U.S. dollar.
Correct Answer:
Verified
Correct Answer:
Verified
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