Bonds that are sold in a foreign country and are denominated in that country's currency are known as
A) foreign bonds.
B) Eurobonds.
C) Eurocurrencies.
D) Eurodollars.

Question

Quizplus · Accepted Answer

Foreign bonds are sold in a foreign country and are denominated in that country's currency. Eurobonds are bonds issued in a foreign country but denominated in a currency other than the currency of that country. Eurocurrencies refer to deposits held in a currency outside of the currency's country of origin. Eurodollars are deposits held outside of the United States in U.S. dollars.

Bonds That Are Sold in a Foreign Country and Are