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A foreign loan that must be paid in the currency of a nation that has stability and a reputation abroad for economic strength is known as:

 

1.     Foreign Currency Loan

2.     Swap Loan

3.     Hard Loan

4.     Subordinated Loan

 

Hint: A loan agreement between a Brazilian company and an Argentinean company where the debt is to be paid in U.S. dollars.

 

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Question added by Shahbaz Hayder , Group Head of Finance , Sharif Group of Companies
Date Posted: 2015/06/15
Shahbaz Hayder
by Shahbaz Hayder , Group Head of Finance , Sharif Group of Companies

Yes Hard Loan is the right Answer.

Bilal Bilal Ashraf
by Bilal Bilal Ashraf , Assistant Accountant and Office Admin , Hamdaani Food Company

Hard loan option3 is answer

Shazia Anees
by Shazia Anees , Assistant Manager Finance , Arham Trading Company

2.     Swap Loan=================

Sheikh Zohaib Rehman Zaibi
by Sheikh Zohaib Rehman Zaibi , Admin and Accounts Officer , NAI ZINDAGI

The answer is Foreign Currency Loan 

mehfooz alam khan habib khan
by mehfooz alam khan habib khan , Security Incharge , Landmark Group (Emax)

Swap loan........................... .......

lakshminarasimham mallareddi
by lakshminarasimham mallareddi , Manager Finance & Accounts , M/s. Vandana Global Limited, Raipur, Chhattisgarh

Correct Answer is1.Foreign Currency Loan paid means we have to debit foreign currency loan a/c

 

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