Dollarizing means __________.
Select the correct answer below:
depreciating the dollar
using the U.S. dollar as the currency of a country outside the United States
exchanging other currencies for dollars
none of the above
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Dollarizing means __________. Select the correct answer below: depreciating the dollar using the U.S. dollar as...
Is it better if the U.S. dollar rises in value—or if the U.S. dollar falls in value against other countries' currencies? The question is important because the U.S. Secretary of the Treasury occasionally has the Federal Reserve System intervene to raise or lower the U.S. dollar (Remember from Macro?) relative to other currencies. However, such interventions are controversial, it creates "consequences". We blame China for manipulating their currency (mainly keeping it low to help exports). The answer to the question...
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