Why would a nation dollarizethat is, adopt another countrys currency instead of having its own?

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Why would a nation “dollarize”—that is, adopt another country’s currency instead of having its own?

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Principles Of Economics

ISBN: 9781506699868

2nd Edition

Authors: OpenStax

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Question Posted: Nov 01, 2023 03:09 AM

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Why would a nation dollarizethat is, adopt another countrys currency instead of having its own?

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A nation may choose to dollarize which means adopting another countrys currency typically the United States dollar but it can be another stable foreign currency instead of having its own currency for ...View the full answer

Principles Of Economics

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