Foreign bonds have been an important instrument in the international capital market for centuries. In fact, a large percentage of U. S. railroads built in the nineteenth century were financed by sales of foreign bonds in A) Japan. B) Britain. C) Canada. D) Germany.

Question

Moshe Mullins

History

8 November, 12:40

Foreign bonds have been an important instrument in the international capital market for centuries. In fact, a large percentage of U. S. railroads built in the nineteenth century were financed by sales of foreign bonds in A) Japan. B) Britain. C) Canada. D) Germany.

+1

Answers (1)

Know the Answer?

Enrique Middleton · Answer 1

Option D.

Explanation:

Britain, is the right answer.

A bond which is issued generally by a foreign entity in a domestic market in the denomination of the currency of that nation in order to raise capital is known as the Foreign Bonds. Foreign bonds have played a significant role in the international capital market. The importance of foreign bonds can be illustrated by the very fact that a large percentage of the United States railroads constructed in the 19th century was funded by sales of foreign bonds in Britain.