Rather than have a money system of its own, the country Econia adopts the money of the country Macroland as its official currency. This practice is known as:
A) currency borrowing.
B) international reserve action.
C) dollarization.
D) transfer monetization.

Question

Quizplus · Accepted Answer

This practice is known as dollarization, although it doesn't necessarily involve the U.S. dollar. It refers to a country adopting another country's currency as its official currency.

Rather Than Have a Money System of Its Own, the Country