Which of the following statements is most correct?
A) All world currencies are convertible
B) In order for a currency to be convertible, the country's government must allow it to be traded on foreign exchange markets.
C) In order for a currency to be convertible, it must be exchangeable for U.S. dollars.
D) Both b. and c. are correct.
E) All of the above are correct.
Correct Answer:
Verified
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