Exchange control is an administrative barrier to international trade that:

Question

Quizplus · Accepted Answer

Exchange control requires companies that export to sell foreign currencies to the central bank or other foreign agency, and importers to buy foreign currencies from the same organization. This is done to regulate the flow of foreign currency in and out of a country, and to control the value of the domestic currency. This can act as a barrier to international trade, as it can make it more difficult or expensive for companies to import or export goods.

Exchange Control Is an Administrative Barrier to International Trade That