A Key Difference Between Sovereign Default and Corporate Bonds Is

question 69

Multiple Choice

A key difference between sovereign default and corporate bonds is:

• A)unlike a corporation,a country facing difficulty meeting its financial obligations is can not default.
• B)unlike corporate debt,sovereign debt prices are not inverse to yields.
• C)unlike a corporation,any country can turn to the EMU to pay off its debts.
• D)unlike a corporation,a country facing difficulty meeting its financial obligations typically has the option to print more currency.

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Definitions:

Identifier Of Culture

Elements or symbols that are recognized as representing particular cultures, such as language, art, or rituals.

Values

Cultural assessments that identify something as right, desirable, and moral.

Extinction

The process through which a species, family, or larger group of organisms permanently disappears from Earth.

Cultural Relativism

The principle that an individual's beliefs and activities should be understood by others in terms of that individual's own culture, avoiding ethnocentric judgments.