2006-09-16 04:13:41 · 4 answers · asked by duckface 2 in Social Science ➔ Economics
Ah ... the good ole US of A ... center of the universe. In Canada, Australia, the Bahamas, Barbados, New Zealand, Hong Kong, Singapore etc. a dollar denominated security is a financial instrument that has it's face value denominated in the local currency ... the dollar. Contrary to American belief, their's is not the only "dollar" in the world. For example, a bond with a face value of $1,000 is dollar denominated. One share of MSFT is denominated in shares of a company ... not in dollars. A bond could also be pound-denominated, euro-denominated, yen-denominated. Essentially any financial instrument denominated in currency.
2006-09-16 18:33:26 · answer #1 · answered by econprof57 3 · 1⤊ 0⤋
The phrase being"inconvenient convergence", I feel like the different answers for this question are contradictory. I would just like to gloat that "Minaa" is WRONG!!!! ahha. As most sayings are from the past, three dollars in the past use to be a good amount of money. With that said, the best answer, by "powershaker" is definitely the best answer. I just wanted to make sure that there was an explanation for the people that think that it can't be a "fancy" word because three dollars is not a lot of money. Another way to look at it is, considering most words are not worth money, having a word worth money is significant in itself. Thank you for your time.
2016-03-27 03:59:24 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Securities the values of which are only expressed in US$s.
2006-09-16 05:11:58 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Security that pays interest and repays principal in U.S. dollars.
2006-09-16 10:14:24 · answer #4 · answered by NC 7 · 0⤊ 0⤋