One key assumption concerning the principles of currency convertibility is that:
A)currencies are freely convertible.
B)a country allows anybody to purchase any amount of a foreign currency.
C)it involves large funds over short-term periods.
D)host recipients benefit the most from the transactions.

Question

Quizplus · Accepted Answer

The key assumption concerning the principles of currency convertibility is that currencies are freely convertible, meaning they can be exchanged without restrictions or limitations. This assumption allows for easier international trade and investment, as well as greater fluidity and stability in the global financial system.

One Key Assumption Concerning the Principles of Currency Convertibility Is