The international bond market consists of all bonds sold by issuing companies, governments, or other organizations ________.
A. within their own countries
B. outside their own countries
C. within developing nations
D. within developed nations
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Eurobonds are popular because ________.
A. they are less risky than traditional bonds
B. they are always denominated in euros
C. governments of nations in which they are sold do not regulate them
D. European companies are considered very stable
The absence of government regulation in the Eurobond market ________.
A. substantially reduces the cost of issuing a bond
B. lowers the risk level of the bond
C. makes Eurobonds less popular than foreign bonds
D. exists because of the difficulty of regulating a multi-country market
Bonds sold outside the borrower's country and denominated in the currency of the country in which they are sold are called ________.
A. municipal bonds
B. foreign bonds
C. Eurobonds
D. domestic bonds
Liquidity refers to the ease with which bondholders and shareholders may convert their investments to cash.
A. 对
B. 错