A convertible currency is a currency that may be freely exchanged for
A) domestic assets.
B) only silver.
C) only copper.
D) national currency.
E) foreign currencies.

Name: A convertible currency is a currency that may be freely exchanged for A) domestic assets. B) only silver. C) only copper. D) national currency. E) foreign currencies.
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Question

Quizplus · Accepted Answer

A convertible currency is one that can be exchanged for other currencies. Therefore, the only choice that fits this definition is E, foreign currencies.

A Convertible Currency Is a Currency That May Be Freely