Question

Question Help 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 because A. the exchange rate was low. B. U.S. dollars were a good store of value. C. it was too expensive to keep producing a local currency. D. U.S. dollars had a lower price level.

Answer 1

Answer: Someone in Zimbabwe would have been willing to accept U.S. dollars in exchange for goods and services because U.S. dollars were a good store of value.

A store of value can be stated as an entity that keep its value without disparaging over the period of time.