Which of the following is NOT an argument against dollarization?
A) The dollarized country's central bank can no longer act as a lender of last resort.
B) The dollarized country can no longer profit from seignorage (the ability to profit from the creation of money within its economy) .
C) The dollarized country losses sovereignty over its own monetary policy.
D) All of the above are arguments against dollarization from the viewpoint of the affected country.
Correct Answer:
Verified
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