Which of the Following Statements Is FALSE

question 39

Multiple Choice

Which of the following statements is FALSE?

• A)Global bonds combine the features of domestic,foreign,and Eurobonds,and are offered for sale in several different markets simultaneously.
• B)In a leveraged buyout (LBO),a group of private investors purchases all the equity of a public corporation.
• C)A term loan is a bank loan that lasts for a specific term.
• D)Eurobonds are international bonds that are denominated in the local European currency of the country in which they are issued.

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Definitions:

Marginal Cost

The money spent on producing another unit of a product or service.

Cartel

A coalition of suppliers or manufacturers aimed at preserving elevated price levels and reducing competitive pressures.

Marginal Cost

The upsurge in total expenditure associated with the fabrication of one further unit of a good or service.

Cartel

A formal agreement among competing firms to control prices, limit output, or divide markets to gain an advantageous market position.