What is a convertible currency?
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What is a convertible currency? |
Answer and Explanation

Verified Answer
A convertible currency is the currency which can be traded in currency markets and can be redeemed at current market rates without any government intervention. While dealing in for...
Verified Answer
A convertible currency is the currency which can be traded in currency markets and can be redeemed at current market rates without any government intervention. While dealing in foreign markets, a company needs to exchange the home currency with foreign currency. It also has alternative references like hard currency or fully convertible currency.
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