In 2001, the U.S. dollar became the official currency in EISalvador. This policy has both...
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Economics
In 2001, the U.S. dollar became the official currency in EISalvador. This policy has both benefits, in terms of advantagesgained, and costs, in terms of power given up, for the countryadopting the U.S. dollar. Consider El Salvador's decision todollarize in 2001. Classify each of the given statements as eithera benefit or a cost of dollarization for El Salvador. Move eachstatement to the appropriate category. Cost Answer Bank the abilityto turget interest rates in the economy the ability to influenceunemployment rates in the econong the ability to attract foecipedirect investment a redaction in the occurrences of rampantinflucioe
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