Q69
Long-term securities denominated in two currencies is called as
A.
Euro bond
B.
Dual currency bonds
AnswerC.
Foreign bonds
D.
Euro dollar deposit
Answer: Option B
Solution
Answer: Option B
Solution:
Long-term securities denominated in two currencies is called as Dual currency bonds. A dual currency bond is a synthetic security that is redeemed in one currency while interest payments over the life of the bond are made in another currency. For example, a bond issued in U.S. dollars which pays interest in euros will be considered a dual currency bond.