Which of the Following Is an Adequate Definition of a Brady

question 19

Multiple Choice

Which of the following is an adequate definition of a Brady bond?

• A)A bond issued by a less developed country that is swapped for an outstanding loan by that country.
• B)A bond issued by a less developed country that serves as collateral for an outstanding loan by that country.
• C)A bond issued by a less developed country that is issued in accordance with the terms of the Brady convention of 1973.
• D)A bond bought by a less developed country in order to stabilise the country's investments.