A Bond Denominated in Canadian Dollars and Sold in Japan

question 34

Multiple Choice

A bond denominated in Canadian dollars and sold in Japan to Japanese investors is called a

• A) Samurai bond.
• B) Eurobond.
• C) Yankee bond.
• D) Euroyen bond
• E) Foreign bond.

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Definitions:

Bank Reconciliation

The process of matching and comparing figures from accounting records against those presented on a bank statement.

Cash Sales

Transactions in which a customer pays for goods or services at the point of sale with cash, resulting in immediate revenue for the seller.

Cash Receipts Journal

The special journal in which all cash receipts are recorded.

Compensating Balance

A minimum account balance that a company must maintain as part of an agreement with a lender, often to secure a loan or line of credit.