Capital account convertibility signifies ________________________.
guaranteeing the right to investment to foreigners
ensuring the right of buyers to make international payments
ensuring free international movement of capital
ensuring the right of an individual to invest in foreign capital markets
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.