This Qui Related to Making the Connection) According to an artide in the Wall St

Question

This Qui Related to Making the Connection) According to an artide in the Wall Stroet Joumal, The highent U.S. dollar denomination, the $100 bil, rades at a Street Joumal, May 6, 2016 S. cumencies rather han cumencies issund by their gowemmeni? Which of the following best explains why a resident of Venezuela wouid wish to use U O A. The US. dolar is the official curency of Venezuela O B. To evade taxes OC. Tobener maintain ther putaing power. O D. Because they are engaging in ilicit activities bils in emerging markets be greater than the demand for lower-denomination U.S. bills? O A. Prices in emerging markets are much higher than in the United States B. Smaler O C. People use D- Largoderornason bils aliw substa dal transactions to be amodot in eash.

Explanation / Answer

a) "C"

The purchasing power of the Venezuelan currency is falling to the lowest. IN such a scenario the US currency will help maintain the purchasing power.

b) "D"

The right answer is "D".

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