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Question

Capital account convertibility signifies ________________________.


A
guaranteeing the right to investment to foreigners
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B
ensuring the right of buyers to make international payments
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C
ensuring free international movement of capital
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D
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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