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QUESTION 9 Bonds issued by foreign entities in the United States are called: A. foreign bonds...

QUESTION 9

  1. Bonds issued by foreign entities in the United States are called:

    A.

    foreign bonds

    B.

    American depository receipts

    C.

    Yankee bonds

    D.

    Samurai bonds

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Answer #1

Option a, foreign bond is a bond issued in a domestic market by a foreign entity in the domestic market’s currency for raising capital.

Option b, American depository receipts represents ownership in a foreign company trading in the United States.

Option c, Yankee bond is a bond issued and traded in the United States by foreign entities. It is denominated in US dollars.

Option d, Samurai bond is a yen denominated bond issued in Japan by foreign entitles.

Hence, the answer is option c.

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