Solved

It Is Difficult to Trade with a Country That Has

Question 27

Multiple Choice

It is difficult to trade with a country that has a nonconvertible currency because:


A) it is impossible to either buy or sell its currency.
B) a foreign business operating in the country can't convert profits earned there into its own nation's currency at a reasonable rate.
C) governments with nonconvertible currencies discourage international trade.
D) All of the above

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