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Which of the following is a major reason why governments limit convertibility of their currency?

Which of the following is a reason why governments limit convertibility of their currency?

A.To encourage foreign investments
B.To control currency appreciation
C.To encourage capital flight
D.To preserve their foreign exchange reserves
E.To promote neo-mercantilism

Governments limit convertibility to preserve their foreign exchange reserves. A country needsan adequate supply of these reserves to service its international debt commitments and topurchase imports.
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