?Foreign debt is debt sold in a country other than the one in whose currency the debt is denominated
Answer the following statement true (T) or false (F)
False
Foreign debt is debt sold by a foreign borrower, but it is denominated in the currency of the country in which the issue is sold. Foreign bonds often are labeled according to the country in which they are issued. See 6-1: Characteristics and Types of Debt
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What will be an ideal response?
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What will be an ideal response?