Q295
Type of bonds that are swapped to less developed country against an outstanding loan are classified as
A.
Brady bonds
AnswerB.
swapped bonds
C.
developed bonds
D.
developing bonds
Answer: Option A
Solution
Answer: Option A
Solution:
Type of bonds that are swapped to less developed country against an outstanding loan are classified as Brady bonds. Brady bonds are bonds that are issued by the governments of developing countries. Brady bonds are some of the most liquid emerging market securities.