The promised payments on the Eurobonds will be paid in the __________?
Correct answer: A. currency of denomination
- A. currency of denomination
- B. currency of home country
- C. currency of Australia
- D. currency of local market
Explanation
Eurobonds are issued in a currency different from the borrower’s domestic currency, and their interest and principal are paid in the currency specified in the bond contract. This is the currency of denomination, not necessarily the issuer’s home currency.
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