Inconvertible currencies:
A) Are 'hard' currencies
B) Are major currencies such as the dollar and the yen
C) Are acceptable to non-nationals as means of payment
D) Include many developing nations such as the Haitian gourde or the Gambian dalasi

Question

Quizplus · Accepted Answer

Inconvertible currencies are those that cannot be freely exchanged for other currencies on the international market, often due to government restrictions. They are typically found in developing countries, making option D correct. Options A, B, and C describe characteristics of convertible or 'hard' currencies, which are widely accepted for international transactions and can be freely exchanged.

Inconvertible Currencies