A bond that is issued by Nestle, a Swiss company, that is denominated in yen and sold to residents of Japan is most likely a ________.

Name: A bond that is issued by Nestle, a Swiss company, that is denominated in yen and sold to residents of Japan is most likely a ________.
Brand: Quizplus
Rating: 4.7 (52 reviews)

Question

Quizplus · Accepted Answer

A bond issued by a foreign company (in this case, Nestle from Switzerland) that is denominated in the local currency of the country where it is sold (in this case, yen in Japan) is classified as a foreign bond.

A Bond That Is Issued by Nestle, a Swiss Company