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 Eurodollar is a U.S.dollar deposited in a bank outside the U.S.

Question

Quizplus · Accepted Answer

The statement that "The term Eurobond applies only to foreign bonds denominated in U.S. currency" is not correct. Eurobonds are bonds issued in a currency other than the currency of the country where it is issued, and they are not limited to just U.S. currency.

Which of the Following Statements Is NOT CORRECT