Long-term securities denominated in two currencies is called as

A. Euro bond

B. Dual currency bonds

C. Foreign bonds

D. Euro dollar deposit

Answer: Option B

Solution(By Examveda Team)

Long-term securities denominated in two currencies is called as Dual currency bonds. A dual currency bond is a synthetic security that is redeemed in one currency while interest payments over the life of the bond are made in another currency. For example, a bond issued in U.S. dollars which pays interest in euros will be considered a dual currency bond.