A parallel or black market often arises as a result of which of the following?

Question

Quizplus · Accepted Answer

Exchange controls refer to government policies that limit the amount of foreign currency that individuals or businesses can purchase or hold. This can lead to a parallel or black market in which individuals and businesses conduct foreign currency transactions outside of the official channels in order to obtain the currency they need. This is because the official channels may not provide enough currency or may offer a less favorable exchange rate.

A Parallel or Black Market Often Arises as a Result