If a Currency Is Convertible on the Current Account, Which

question 83

Multiple Choice

If a currency is convertible on the current account, which of the following transactions would not be permissible?

• A)The purchase of foreign currency in order to import goods or services
• B)The sale of foreign currency resulting from the export of goods or services
• C)The purchase of foreign currency in order to purchase assets abroad
• D)The sale of foreign currency resulting from the sale of assets abroad

---

Definitions:

Heredity

The passing of traits from parents to their offspring, either through asexual reproduction or sexual reproduction.

Cultural Bias

The tendency to interpret or judge human behavior and cultures based on the norms and values of one's own culture.

Intelligence Testing

The process of measuring a person's cognitive abilities, aptitudes, and intellectual potential through standardized tests.

Intelligence

The ability to learn, understand, and apply information, make sound judgments, solve problems, and adapt to new situations.