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    Global Business Today
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    Exam 10: The Foreign Exchange Market
  5. Question
    How Is a Currency Classified If Only Nonresidents May Convert
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How Is a Currency Classified If Only Nonresidents May Convert

Question 117

Question 117

Multiple Choice

How is a currency classified if only nonresidents may convert it into a foreign currency without any limitations?


A) Externally convertible
B) Nonconvertible
C) Leading
D) Freely convertible
E) Lagging

Correct Answer:

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