What Is Dollarization

What is dollarization?

A) making the denominations of local currency identical to those in U.S. currency
B) the process by which a country in whole or in part adopts the U.S. dollar as its official currency
C) a price reduction strategy where everything within a country is sold at a rounded dollar amount
D) the complete elimination of U.S. currency from a nation's economy
E) the practice of a country's using the U.S. banking system for its transactions