Question

What is the difference between partial and full capital account convertibility?

A Partial capital account convertibility allows all categories of transactions, while full capital account convertibility restricts certain categories of transactions.
B Partial capital account convertibility restricts certain categories of transactions, while full capital account convertibility allows all categories of transactions.
C Partial capital account convertibility allows foreign direct investment and portfolio investment, while full capital account convertibility restricts these categories of transactions.
D Partial capital account convertibility allows the issuance of foreign currency-denominated debt, while full capital account convertibility restricts this category of transactions.
E None of the above.
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