Editing Convertibility (section)

{{Short description|Ability of money to be transformed into other stores of value}}
{{Use dmy dates|date=September 2021}}

'''Convertibility''' is the quality that allows money or other financial instruments to be converted into other [[market liquidity|liquid]] [[store of value|stores of value]]. Convertibility is an important factor in [[international trade]], where instruments valued in different [[currency|currencies]] must be exchanged.<ref>{{cite web|url= http://www.investopedia.com/terms/c/convertibility.asp |title= Currency Convertibility |publisher= [[Investopedia]] | accessdate =8 June 2010}}</ref>