Rebuilding Europe after the destruction of World War II was aided by the issuance of so-called "Yankee bonds." Which of the following properly describes these bonds?
A. Debt instruments issued by the U.S. government, denominated in European currencies, and bought by U.S. investors.
B. Debt instruments issued by the U.S. government denominated in U.S. dollars and bought by European investors.
C. Debt instruments issued by European countries, denominated in European currencies, and bought by U.S. investors.
D. Debt instruments issued by European countries, denominated in U.S. dollars, and bought by U.S. investors.
Which statement is correct?
A. The U.S. (public and private) is the largest issuer of international bonds.
B. International bonds are an innovative security that started being used only after World War II.
C. Both of the above statements are false.
D. Both of the above statements are true.