Dollarization refers to a situation in which
A) people in the U.S. no longer want to use paper currency, but prices are still quoted in dollars
B) the Federal Reserve makes a commitment to promoting use of a dollar coin
C) people in another country use U.S. dollars instead of their own currency
D) another country adopts a fixed exchange rate system that pegs its currency to the U.S. dollar
Correct Answer:
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