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2. Which of the following is wrong with the explanation of dual currency bonds? (5 points) Answer: (You can answer multiple times) Among them, monetary

2. Which of the following is wrong with the explanation of dual currency bonds? (5 points) Answer: (You can answer multiple times) Among them, monetary bonds are bonds in which the currency of bonds (the principal of loans received by the issuing agency at the time of bond issuance) and repayment (the principal of loans paid by the issuing agency at the time of bond maturity) are different, and the currency of coupons is the same as the currency of bonds. Among them, monetary bonds have the advantage of having a lower coupon interest rate than general single-currency bonds with the same other conditions because they have the characteristic of reducing foreign exchange risk. The principal of the loan paid at the time of repayment of double currency bonds depends on the exchange rate at the maturity of the bond. In the case of double-currency bonds with redemption currencies, investors benefited more if the dollar appreciated at maturity. Japan is a representative country that actively utilizes double currency bonds.

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