Bonds issued by a local entity,denominated in the local currency,traded in a local market,but purchased by foreigners are called:
A)domestic bonds.
B)Yankee bonds.
C)Eurobonds.
D)foreign bonds.

Question

Quizplus · Accepted Answer

Domestic bonds are issued in the local currency, traded in the local market and bought by foreign entities. They are typically issued by local governments or corporations to raise capital for local projects. Yankee bonds are issued by foreign entities in the US market denominated in US dollars, while Eurobonds are issued by entities outside of the country where they are denominated and traded in multiple markets. Foreign bonds typically refer to bonds issued by a foreign government or corporation in a different currency and traded in a foreign market.

Bonds Issued by a Local Entity,denominated in the Local Currency,traded