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Convertibility of a currency is indicated by its

This question belongs to Management International Finance And Treasury
International Finance and Treasury
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Convertibility of a currency is indicated by its

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Correct Answer: Option C
Convertibility of a currency is indicated by its conversion at market rate without any quantitative restriction by government. Currency convertibility is important for international commerce as globally sourced goods must be paid for in an agreed upon currency that may not be the buyer's domestic currency.
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