If a Currency Is Convertible on the Current Account, Which

question 82

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

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Definitions:

Conversion Disorders

A mental condition in which a person has blindness, paralysis, or other nervous system symptoms that cannot be explained by medical evaluation.

Young Adulthood

A developmental period typically ranging from the late teens through the twenties, marked by pursuit of independence, identity exploration, and establishment of personal relationships.

Late Childhood

A developmental stage typically ranging from about 6 to 12 years of age, marked by significant growth in cognitive, emotional, and social skills.

Mass Psychogenic Illnesses

The rapid spread of illness signs and symptoms among a group of people, where there is no identifiable physical or environmental cause, often due to psychological factors.