Question

convertibility meaning in account​

Answer 1

Answer:

Current account convertibility refers to the freedom to convert your rupees into other internationally accepted currencies and vice versa without any restrictions whenever you make payments. Similarly, capital account convertibility means the freedom to conduct investment transactions without any constraints.

Answer 2

$\huge\underline\mathtt\red{Answer♡}$

Currency convertibility is the ease with which a country's currency can be converted into gold or another currency. Currency convertibility is important for international commerce as globally sourced goods must be paid for in an agreed-upon currency that may not be the buyer's domestic currency.

Hᴏᴘᴇ ɪᴛs ʜᴇʟᴘs ʏᴏᴜ ❤