Question

Determine if the statements about the Panamanian currency are true or false.
(4 points)
True False
Panamá has refused to use the U.S. Dollar.

The U.S. Dollar has hurt the economy of Panamá and brought poverty to the country.

The Balboa is Panamá's official currency.

The U.S. dollar is also a legal currency in Panamá.

Answer 1

Here are the evaluations of the statements about the Panamanian currency:

1. **Panamá has refused to use the U.S. Dollar.**
**False** - Panamá has adopted the U.S. Dollar alongside its own currency.

2. **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 viewed as beneficial for Panamá's economy, providing stability and encouraging foreign investment.

3. **The Balboa is Panamá's official currency.**
**True** - The Balboa is indeed Panamá's official currency, but it circulates alongside the U.S. Dollar.

4. **The U.S. dollar is also a legal currency in Panamá.**
**True** - The U.S. Dollar is legal tender in Panamá and is widely used in everyday transactions.

So, to summarize:
1. False
2. False
3. True
4. True