Question

3. Determine if the statements about the Panamanian currency are true or false.



(4 points)
True False
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.

Answer 1

Here are the evaluations of the statements about Panamanian currency:

1. **The U.S. Dollar has hurt the economy of Panamá and brought poverty to the country.**
- **False**: While there are different opinions on the effects of using the U.S. dollar, many argue that it has contributed to economic stability and growth in Panamá rather than bringing poverty.

2. **The U.S. dollar is also a legal currency in Panamá.**
- **True**: The U.S. dollar is indeed a legal currency in Panamá and is used alongside the Balboa.

3. **Panamá has refused to use the U.S. Dollar.**
- **False**: Panamá has not refused to use the U.S. dollar; in fact, it has adopted it as one of its official currencies.

4. **The Balboa is Panamá's official currency.**
- **True**: The Balboa is considered the official currency of Panamá, although it circulates in parallel with the U.S. dollar.

So, the summarized answers would be:
1. False
2. True
3. False
4. True