______ is another name for the complete replacement of the local currency with the U.S.dollar.
A)Seignorage
B)Dollarization
C)Depreciation
D)Appreciation

Question

Quizplus · Accepted Answer

Dollarization is the process where the local currency of a country is completely replaced by the US dollar. This can occur due to factors such as high inflation, instability in the local economy, or lack of confidence in the local currency. In dollarized economies, US dollars become the primary medium of exchange, and all prices and transactions are denominated in dollars.

______ Is Another Name for the Complete Replacement of the Local