Which of the following are laws that require a company earning foreign currency from its exports to sell the foreign currency to a control agency, usually a central bank?
A) currency policies
B) laws of balanced exchange
C) favourable exchange regulations
D) exchange controls

Question

Quizplus · Accepted Answer

Exchange controls are laws that require a company earning foreign currency from its exports to sell the foreign currency to a control agency, usually a central bank. Currency policies refer to a country’s overall approach to managing its currency value, while laws of balanced exchange and favourable exchange regulations do not specifically address the requirement to sell foreign currency to a control agency.

Which of the Following Are Laws That Require a Company