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Which of the following is not an advantage of full capital account convertibility?
Encourages import
Boosts exports
Easy access to forex
Promotes trade and capital flows between nations
Capital account convertibility does not encourages imports. 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. It is sometimes referred to as capital asset liberation or CAC.
By: Cammy Garg ProfileResourcesReport error
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