When a country uses a foreign currency as its medium of exchange, it is using
A) monetarization.
B) dollarization.
C) a dirty float.
D) none of the above.

Name: When a country uses a foreign currency as its medium of exchange, it is using A) monetarization. B) dollarization. C) a dirty float. D) none of the above.
Brand: Quizplus
Rating: 4.9 (34 reviews)

Question

Quizplus · Accepted Answer

When a country uses a foreign currency as its medium of exchange, it is engaging in dollarization. This term is often used even when the currency adopted is not the U.S. dollar.

When a Country Uses a Foreign Currency as Its Medium