Trade dollarization refers to the phenomenon of:
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.
Ans: b. the fact that many international commodities are traded in U.S. dollars only.
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