In comparison to most developed economies, developing countries:
A)offer greater currency convertibility.
B)offer about the same degree of currency convertibility.
C)offer more restricted currency convertibility.
D)sometimes offer higher levels of currency convertibility and sometimes offer lower levels.

Question

Quizplus · Accepted Answer

Developing countries often have more restricted currency convertibility to protect their economies from volatile capital flows and to maintain control over their monetary policy.

In Comparison to Most Developed Economies, Developing Countries