If Argentine adopts the U.S.dollar as its official currency,it seeks to eliminate the possibility of a speculative attack against its currency.

Question

Quizplus · Accepted Answer

This is true. Adopting the US dollar would eliminate the possibility of a speculative attack since the exchange risk and fluctuations associated with the Argentine peso would no longer exist. The US dollar is a stable currency and widely accepted worldwide, which would provide greater certainty and confidence to investors and the public in general.

If Argentine Adopts the U