Capital account convertibility signifies ________________________.

guaranteeing the right to investment to foreigners

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ensuring the right of buyers to make international payments

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ensuring free international movement of capital

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ensuring the right of an individual to invest in foreign capital markets

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Solution

The correct option is C ensuring free international movement of capital
Capital account convertibility is a feature of a nation's financial regime that centers on the ability to conduct transactions of local financial assets into foreign financial assets freely or at country determined exchange rates.

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