Which One of These Statements Is Not Correct

question 77

Multiple Choice

Which one of these statements is not correct?

• A) When a foreign government borrows dollars, investors worry that in some future crisis the government will not have sufficient dollars to repay the debt.
• B) When the Japanese government borrows yen, investors worry that in some future crisis the government will not have sufficient yen to repay the debt.
• C) When a Eurozone government borrows euros, investors worry that in some future crisis the government will not have sufficient euros to repay the debt.
• D) When the U.S. government issues Treasury bonds, investors never need to worry that they will not be paid back.

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Definitions:

GAAP

A set of widely accepted accounting norms and standards, referred to as Generally Accepted Accounting Principles, for the preparation of financial statements.

Line Positions

Roles in an organization directly involved in its core activities and responsible for achieving its primary objectives, as opposed to support or administrative positions.

Vice President

An officer in a company or institution, ranking below a president and typically responsible for a specific department or function.

Managerial Accounting Reports

Financial documents that provide detailed financial and operational information tailored to the needs of a company's management for decision making.