If a nation abandons its own currency and decides to use another nation's currency as its own circulating currency, this is known as:
A) euro-zoning.
B) dollarization.
C) a managed float.
D) a Western regime.

Name: If a nation abandons its own currency and decides to use another nation's currency as its own circulating currency, this is known as: A) euro-zoning. B) dollarization. C) a managed float. D) a Western regime.
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Question

Quizplus · Accepted Answer

This is known as dollarization.

If a Nation Abandons Its Own Currency and Decides to Use