A convertible currency (or soft currency) is traded freely in the foreign exchange market with its price determined by the London banks.

Name: A convertible currency (or soft currency) is traded freely in the foreign exchange market with its price determined by the London banks.
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Question

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A convertible currency, also known as a hard currency, is traded freely in the foreign exchange market with its price determined by supply and demand, not specifically by London banks.

A Convertible Currency (Or Soft Currency) Is Traded Freely in the Foreign