Why do people who live in countries experiencing rapid inflation often prefer to hold American dollars rather

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Why do people who live in countries experiencing rapid inflation often prefer to hold American dollars rather than their own country's currency? Explain.

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Exploring Economics

ISBN: 9781439040249

5th Edition

Authors: Robert L Sexton

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Question Posted: Feb 07, 2013 05:53 AM

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Why do people who live in countries experiencing rapid inflation often prefer to hold American dollars rather

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In case of a country facing rapid inflation the foreign exchange rate of the co...View the full answer

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