If a country decided to refuse to allow an importer to exchange its national currency for the sellers' currency, it would be an example of a(n) ________ currency.
A) blocked
B) spot
C) embargo
D) taxed
E) quota

Question

Quizplus · Accepted Answer

A blocked currency is a situation where a country refuses or restricts the ability to exchange its national currency for foreign currencies, often as part of broader economic or political measures.

If a Country Decided to Refuse to Allow an Importer