If a Developing Country Wants to Limit the Ability of Its

question 140

Multiple Choice

If a developing country wants to limit the ability of its citizens to purchase foreign assets, but does not want to restrict other international transactions, it would offer:

• A)full convertibility.
• B)convertibility on the current account.
• C)convertibility on the capital account.
• D)not allow convertibility of domestic currency into foreign currency.