Question

Which of the following best explains why a resident of Venezuela would wish to use U.S. currencies rather than currencies issued by their​ government? A. To evade taxes. B. Because they are engaging in illicit activities. C. To better maintain their purchasing power. D. The U.S. dollar is the official currency of Venezuela.

Answer 1

Answer:

C. To better maintain their purchasing power.

Explanation:

While having a better PPP it results in various kind of business for the international market also the Venezuela country wants to make the full usage while using the U.S dollar on the whole

So here option C provides the best explanation as it is mentioned that if the purchasing power is maintained than it would be better

Therefore the correct option is C.