In Brazil, a country that underwent a rapid inflation before 1994, many transactions were conducted in dollars

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In Brazil, a country that underwent a rapid inflation before 1994, many transactions were conducted in dollars rather than in real’s, the domestic currency. Why?

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Economics of Money, Banking and Financial Markets

ISBN: 978-0321598905

9th Edition

Authors: Frederic S. Mishkin

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Question Posted: Aug 12, 2012 04:14 AM

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In Brazil, a country that underwent a rapid inflation before 1994, many transactions were conducted in dollars

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Because there was intense inflation in the Brazil so the home currency the r...View the full answer

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