Currency Substitution Quiz

The gradual conversion to full currency substitution

The use of any foreign currency instead of a domestic currency

The use of the euro as a foreign currency

The use of the United States dollar as a foreign currency (correct)

Ecuador

Liechtenstein (correct)

Zimbabwe

El Salvador

When a country's currency is strong

After a major economic crisis (correct)

When a country is experiencing rapid economic growth

During a period of economic stability

<p>When residents of a country choose to hold a significant share of their financial assets denominated in a foreign currency</p> Signup and view all the answers

<p>Gradual conversion to full currency substitution</p> Signup and view all the answers