Which of the following statements is NOT CORRECT?

A. Foreign bonds and Eurobonds are two important types of international bonds.
B. Foreign bonds are bonds sold by a foreign borrower but denominated in the currency of the country in which the issue is sold.
C. The term Eurobond applies only to foreign bonds denominated in U.S. currency.
D. A foreign bond might pay a higher nominal interest rate than a U.S. bond.
E. Any bond sold outside the country of the borrower is called an international bond.


Answer: C

Business

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