Question
True False
Panamá has refused to use the U.S. Dollar.
The Balboa is Panamá's official currency.
The U.S. Dollar has hurt the economy of Panamá and brought poverty to the country.
The U.S. dollar is also a legal currency in Panamá.
Panamá has refused to use the U.S. Dollar.
The Balboa is Panamá's official currency.
The U.S. Dollar has hurt the economy of Panamá and brought poverty to the country.
The U.S. dollar is also a legal currency in Panamá.
Answers
GPT-4o mini
Here are the answers to your statements about Panama:
1. **Panamá has refused to use the U.S. Dollar.** - **False**
Panamá uses the U.S. Dollar alongside its own currency, the Balboa.
2. **The Balboa is Panamá's official currency.** - **True**
The Balboa is the official currency, but it is pegged to the U.S. Dollar, and U.S. Dollars are widely used.
3. **The U.S. Dollar has hurt the economy of Panamá and brought poverty to the country.** - **False**
The use of the U.S. Dollar has generally been seen as stabilizing for Panamá's economy, fostering growth and investment.
4. **The U.S. dollar is also a legal currency in Panamá.** - **True**
The U.S. Dollar is legal tender in Panamá, and both currencies circulate concurrently.
1. **Panamá has refused to use the U.S. Dollar.** - **False**
Panamá uses the U.S. Dollar alongside its own currency, the Balboa.
2. **The Balboa is Panamá's official currency.** - **True**
The Balboa is the official currency, but it is pegged to the U.S. Dollar, and U.S. Dollars are widely used.
3. **The U.S. Dollar has hurt the economy of Panamá and brought poverty to the country.** - **False**
The use of the U.S. Dollar has generally been seen as stabilizing for Panamá's economy, fostering growth and investment.
4. **The U.S. dollar is also a legal currency in Panamá.** - **True**
The U.S. Dollar is legal tender in Panamá, and both currencies circulate concurrently.