Question

7. Which of the following statement is incorrect? A. A USD deposit in Bank of Italy...

7. Which of the following statement is incorrect?
A. A USD deposit in Bank of Italy is an example of Eurodollar
B. $100 USD deposit in Bank of Japan at its Dubai branch is an example of Eurodollar
C. A Euro denominated bond issued by Siemens Company in French market is an example of Eurobond
D. A USD denominated bond issued by Toyota Company in the Japanese market is an example of Eurobond
Business   Finance   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

A eurodollar is a deposit made in US $ outside the United States. As the deposit is not made in the USA, it is not under federal jurisdiction.

A eurobond is an international bond that is issued in a currency that is not the domestic currency where it is issued.

From the given options the following statement is incorrect-

C. A Euro denominated bond issued by Siemens Company in French market is an example of Eurobond.

As the Euro is the native currency of France, it is not considered as a Eurobond.

Do let me know in the comment section in case of any doubt.

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Indicate how each of the following transactions will be recorded in the Jordanian Balance of Payments....
Indicate how each of the following transactions will be recorded in the Jordanian Balance of Payments. Classify each transaction as either a credit or debit in the current account or the financial account. Determine the subcategory of each transaction within the account. 1. A Japanese automobile manufacturer pays the salary of its managers working for a subsidiary in Jordan. 2. A Jordanian tourist pays for a hotel in Istanbul with his American Express card. 3. A Jordanian professor goes abroad...
E. Delicious Food Store developed the following information in recording its bank statement for the month...
E. Delicious Food Store developed the following information in recording its bank statement for the month of March. Balance per books March 31 $ 3,664 Balance per bank statement March 31 $10,900 (1) Checks written in March but still outstanding $7,000. (2) Checks written in February but still outstanding $3,100. (3) Deposits of March 30 and 31 not yet recorded by bank $5,200. (4) NSF check of customer returned by bank $1,200. (5) Check No. 210 for $593 was correctly...
Japan-Test Market for the World The following mini case represents an example of the unique marketing...
Japan-Test Market for the World The following mini case represents an example of the unique marketing attributes of a foreign culture. Here the focus is on the idiosyncrasies of the Japanese market and how they can be used to establish a pilot or ''test'' market for the rest of the world. In this particular activity, the focus is on establishing a test market, one that can be used to test the various features of a product and the receptivity of...
What tools could AA leaders have used to increase their awareness of internal and external issues?...
What tools could AA leaders have used to increase their awareness of internal and external issues? ???ALASKA AIRLINES: NAVIGATING CHANGE In the autumn of 2007, Alaska Airlines executives adjourned at the end of a long and stressful day in the midst of a multi-day strategic planning session. Most headed outside to relax, unwind and enjoy a bonfire on the shore of Semiahmoo Spit, outside the meeting venue in Blaine, a seaport town in northwest Washington state. Meanwhile, several members of...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT