Which of the Following Statements Is NOT CORRECT

question 17

Multiple Choice

Which of the following statements is NOT CORRECT?

• A) Foreign bonds and Eurobonds are two important types of international bonds.
• B) Foreign bonds are bonds sold by a foreign borrower but denominated in the currency of the country in which the issue is sold.
• C) The term Eurobond applies only to foreign bonds denominated in U.S.currency.
• D) A foreign bond might pay a higher nominal interest rate than a U.S.bond.
• E) Any bond sold outside the country of the borrower is called an international bond.

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Definitions:

Union Wages

Wages that are negotiated by labor unions on behalf of their members, typically resulting in higher pay and better benefits compared to non-union wages.

Union Jobs

Positions of employment that are represented by a labor union, offering workers collective bargaining rights with their employers regarding wages, benefits, and working conditions.

Allocation Of Labor

The distribution of labor resources among different tasks, jobs, or industries to maximize efficiency or output.

Inefficient And Inequitable

Situations or systems that do not maximize resources or distribute outcomes fairly among participants.