Asked by Parvesh Thakur on Jun 30, 2024
Verified
A Eurobond is denominated in the currency of the country in which the bond is issued.
Eurobond
A bond denominated in a currency other than that of the country in which it is sold.
Denominated
Defined or stated in the context of a specific currency or measurement unit.
Currency
Medium of exchange, in the form of banknotes and coins, that is officially used in a country or economic region.
- Identify the differences between distinct financial tools and markets, such as foreign bonds, Eurobonds, and transactions involving Eurodollars.
Verified Answer
ZK
Zybrea KnightJul 07, 2024
Final Answer :
False
Explanation :
A Eurobond is denominated in a currency other than the currency of the country in which the bond is issued. Typically, a Eurobond is denominated in a major currency such as U.S. dollars, euros, or British pounds.
Learning Objectives
- Identify the differences between distinct financial tools and markets, such as foreign bonds, Eurobonds, and transactions involving Eurodollars.
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