Define “partially convertible currency.”
| ♥ 0 |
Define “partially convertible currency.” |
Answer and Explanation
Verified Answer
A partially convertible currency is one that can be traded in foreign exchange market with certain restrictions imposed by the government. The government may allow the exchange of ...
Verified Answer
A partially convertible currency is one that can be traded in foreign exchange market with certain restrictions imposed by the government. The government may allow the exchange of home currency only with a limited number of foreign currencies. The governments also restrict the total amount to be converted in foreign currency for the purpose of foreign investment.
Purchase this answer to view it.
Login or register for free to purchase this solution with PayPal or credit cards securely
