Convertibility
The ability of money to be transformed into other stores of value / From Wikipedia, the free encyclopedia
Dear Wikiwand AI, let's keep it short by simply answering these key questions:
Can you list the top facts and stats about Convertibility?
Summarize this article for a 10 year old
SHOW ALL QUESTIONS
Convertibility is the quality that allows money or other financial instruments to be converted into other liquid stores of value. Convertibility is an important factor in international trade, where instruments valued in different currencies must be exchanged.[1]