Type of bonds that are swapped to less developed country against an outstanding loan are classified as
A. Brady bonds
B. swapped bonds
C. developed bonds
D. developing bonds
Answer: Option A
Solution(By Examveda Team)
Type of bonds that are swapped to less developed country against an outstanding loan are classified as Brady bonds. Brady bonds are bonds that are issued by the governments of developing countries. Brady bonds are some of the most liquid emerging market securities.This Question Belongs to Management >> International Finance And Treasury
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