FIN 564 Week 8 Final Exam >Management Of Financial Institutions (FIN 564)

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FIN 564 Week 8 Final Exam Management Of Financial Institutions Graded A+

FIN 564 Week 8 Final Exam Management Of Financial Institutions Graded A+
Exam (elaborations) • 4 pages • 2021

1. Should countries forgo using their own currency and adopt as legal tender a stable foreign currency? Address the following in your answer: a. Give two advantages and two disadvantages of dollarization. Advantages: Lower cost of foreign credit; enhance credibility of government policy; stability; international trade. Disadvantages: lose seignorage; lose lender of last resort; lose control of monetary policy. b. Does a country need permission to dollarize? No c. Would dollarization b...