Question

Dollarizing means __________.

a. depreciating the dollar.
b. using the U.S. dollar as the currency of a country outside the United States.
c. exchanging other currencies for dollars.
d. none of the above.

Answer 1

b. using the U.S. dollar as the currency of a country outside the United States.

Step-by-step explanation:

Dollarizing is a term used when a country starts to recognize United States Dollar as legal tender or a medium of exchange as a currency along with the existing currency of the country.

Therefore the option B is correct answer.