The foreign bonds, sovereign bonds and Eurobonds are classified as types of __________?
Correct answer: C. international markets
- A. local markets
- B. state markets
- C. international markets
- D. national markets
Explanation
Foreign bonds, sovereign bonds issued across borders, and Eurobonds are instruments of international markets. Local, state, and national markets refer to narrower domestic classifications.
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Business finance explains how organisations plan, obtain and use money while balancing risk, return and liquidity. Topics include financial statements, time value of money, budgeting, working capital, capital structure, sources of finance, investment appraisal and cost of capital. Capital budgeting evaluates long-term projects, whereas working capital manages day-to-day operations.
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