Question

Capital account convertibility signifies

Options

• guaranteeing the right to investment to foreigners

• ensuring the right of buyers to make international payments 

• ensuring the free international movement of capital

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

Answer 1

Capital account convertibility signifies ensuring the free international movement of capital

Explanation:

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.