A Currency Is _____________ When Neither Residents nor Non-Residents Are

question 122

Multiple Choice

A currency is _____________ when neither residents nor non-residents are allowed to convert it into a foreign currency.

• A) freely convertible
• B) nonconvertible
• C) externally convertible
• D) technically convertible
• E) inconvertible

---

Definitions:

Feasible

Possible to do easily or conveniently; practicable within the given constraints.

Recycling

The process of converting waste materials into new materials and objects, aiming to reduce resource consumption and environmental impact.

Subsidies

Financial support extended by the government to support economic sectors, making goods and services cheaper for the consumers or producers.