Asked by Carol Rodgers on Jul 04, 2024
Verified
Foreign bonds are usually denominated in the currency of the country in which they are issued.
Foreign Bonds
International bonds issued in a single country, usually denominated in that country’s currency.
Denominated
Refers to the currency in which a financial transaction or commodity is quoted or dealt with.
Currency
The system of money in general use in a particular country or economic system.
- Understand the concept of foreign bonds and their denomination in currencies.
Verified Answer
EZ
Emily ZapataJul 11, 2024
Final Answer :
True
Explanation :
Foreign bonds are typically issued in the currency of the country where they are sold, allowing investors to buy bonds without taking on currency risk.
Learning Objectives
- Understand the concept of foreign bonds and their denomination in currencies.