Trade dollarization refers to:
A) the practice of insisting on trade in U.S. dollars.
B) the fact that many international commodities are traded in U.S. dollars only.
C) the fact that many dollars have flowed out of the U.S. and are used in other nations as their national currency.
D) the falling dollar combined with a rising trade balance.

Question

Quizplus · Accepted Answer

Trade dollarization refers to the practice where many international commodities, such as oil and gold, are traded in U.S. dollars, making it the dominant currency for global trade transactions.

Trade Dollarization Refers To