The preferences of corporations and governments to borrow in foreign currencies on a short-term basis and of investors to make short-term investments in foreign currencies resulted in the creation of the international bond market.

Question

Quizplus · Accepted Answer

The international bond market was created to meet the long-term financing needs of corporations and governments, not specifically due to preferences for short-term borrowing or investments in foreign currencies.

The Preferences of Corporations and Governments to Borrow in Foreign