Bissoy.com
Doctors Medicines MCQs Q&A

Convertibility of a currency is indicated by its

Convertibility of a currency is indicated by its Correct Answer Conversion at market rate without any quantitative restriction by government

Convertibility of a currency is indicated by its conversion at market rate without any quantitative restriction by government. Currency convertibility is important for international commerce as globally sourced goods must be paid for in an agreed upon currency that may not be the buyer's domestic currency.

Related Questions

Which of the following statement is correct?
Statement I In currency quotation, the first currency is the base Currency and the second currency is known as the quoted currency.
Statement II A currency pair is generally represented by using a hyphen or an oblique.
Which of the following options are correct? 1. Three carbon atom is indicated by 'prop'. 2. Four carbon atom is indicated by 'but'. 3. Seven carbon atom is indicated by 'Hex'. 4. Nine carbon atom is indicated by 'Non'.
Which of the following statement is true?
Statement I Cross rate represents when one unit of foreign currency is represented in the terms of another foreign currency.
Statement II Cross rates are determined only with the help of domestic currency and the foreign currency.
Which of the following option is correct?
Statement I Direct quote is when the foreign currency remains fixed and the home currency keeps on varying.
Statement II Quotations in direct quote are the ones that represent the value of a foreign currency in rupees (number of rupees per currency) are denoted as direct quotations.
The given statements are related to financial derivatives. Choose the correct answer for the statements being correct or incorrect.
Statement I A speculator will gain, if he sells foreign currency under a forward contract, when the spot price is higher than the forward price.
Statement II In currency futures, intra currency spread exists when a speculator buys/sells the same currency for two delivery dates.
The currency convertibility concept in its original form originated in
The Currency Convertibility concept in its original form is originated in___________.
 In the following question, sentences of a paragraph have been jumbled and labelled as A, B, C and D. You are required to rearrange the jumbled sentences of the paragraph and mark your response accordingly by selecting the correct option. A: The opposite of demonetization is remonetization, in which a form of payment is restored as legal tender. B: Sometimes, a country completely replaces the old currency with new currency. C: The current form or forms of money is pulled from circulation and retired, often to be replaced with new notes or coins.  D: Demonetization is the act of stripping a currency unit of its status as legal tender. 
The term "Convertibility" in Currency Market is used to denote
Priyanshu has currency notes of Rs. 10 and Rs. 20. She uses 2 notes of Rs. 20 and 1 note of Rs. 10 to form Rs. 50. How many other combinations are possible to form the same amount using both the currency notes? You can ignore the spatial arrangements of the currency notes.