Most central governments issue fixed-rate coupon bonds just as issued by the U.S. Department of the Treasury. Non-U.S. central governments also offer bonds with other characteristics. For example, the British government, whose bonds are referred to as gilts, offer bonds called ________. These gilts have ________ that give the holder the option to convert into a specified amount of a longer-maturity gilt (or more than one gilt) for a number of years.

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The Answer of Most central governments issue fixed-rate coupon bonds just as issued by the U.S. Department of the Treasury. Non-U.S. central governments also offer bonds with other characteristics. For example, the British government, whose bonds are referred to as gilts, offer bonds called ________. These gilts have ________ that give the holder the option to convert into a specified amount of a longer-maturity gilt (or more than one gilt) for a number of years.

Most Central Governments Issue Fixed-Rate Coupon Bonds Just as Issued