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Business, 23.12.2019 20:31 12375819

After suffering two years of staggering hyperinflation, the african nation of zimbabwe officially abandoned its currency, the zimbabwean dollar, in april 2009 and made the u. s. dollar its official currency. someone in zimbabwe would have been willing to accept u. s. dollars in exchange for goods and services becausea. the exchange rate was low. b. u. s. dollars had a lower price level. c. it was too expensive to keep producing a local currency.

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