Which of the following statements is NOT CORRECT? A) Any bond sold outside the country of the borrower is called an international bond. B) Foreign bonds and Eurobonds are two important types of international bonds. C) Foreign bonds are bonds sold by a foreign borrower but denominated in the currency of the country in which the issue is sold. D) The term Eurobond applies only to foreign bonds denominated in U.S. currency. E) A foreign bond might pay a higher nominal interest rate than a U.S. bond.

Question

Quizplus · Accepted Answer

The term Eurobond refers to bonds that are denominated in a currency not native to the country where it is issued, not just those denominated in U.S. currency.

Which of the Following Statements Is NOT CORRECT