_____ occurs when a country abolishes its own currency and uses the currency of some other country.
A)Demonetization
B)Dollarization
C)Revaluation
D)Seigniorage profit

Question

Quizplus · Accepted Answer

Dollarization occurs when a country stops using its own currency and adopts the currency of another country, usually the US dollar. This can be done voluntarily or as a result of economic crises or hyperinflation.

_____ Occurs When a Country Abolishes Its Own Currency and Uses