A country that dollarizes
A) maximizes its seignorage.
B) earns the same amount of seignorage as it would with a currency board.
C) earns the same amount of seignorage as it would with exchange-rate targeting.
D) eliminates its seignorage.
E) must pay seignorage to other governments to use their currency.
D
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The cost to a physician of tending a patient is
A) dependent on the number of years over which the physician practices. B) higher for a recent medical-school graduate than for a physician with a well-established practice. C) the value of the time when spent in its next best use. D) zero under a system of complete and comprehensive medical insurance.
Getting the work done by some other firm at lower costs, when the firm is situated in some other country, is called outsourcing
a. True b. False Indicate whether the statement is true or false
If the demand for bananas is elastic, then an increase in the price of bananas will
a. increase total revenue of banana sellers. b. decrease total revenue of banana sellers. c. not change total revenue of banana sellers. d. There is not enough information to answer this question.
In Figure 10-7, output at which point represents short-run but not long-run equilibrium?
a. A only b. B only c. both A and B d. both B and C