If Microsoft sells a bond in London and it is denominated in dollars,the bond is a
A)Eurobond.
B)foreign bond.
C)British bond.
D)currency bond.

Question

Quizplus · Accepted Answer

A Eurobond is a bond denominated in a currency other than the currency of the country where it is issued. In this case, Microsoft is selling a bond in London, but it is denominated in dollars, which is the currency of the United States. Therefore, it is a Eurobond.

If Microsoft Sells a Bond in London and It Is