Full form of FCCB- Foreign Currency Convertible Bond

Q.  What is the full form of FCCB?
- Published on 20 Jul 15

a. Foreign Currency Convertible Bond
b. Foreign Currency Convertible Bank
c. Foreign Currency Convertible Board
d. Foreign Convertible Currency Board

ANSWER: Foreign Currency Convertible Bond
 
Corporates issue Foreign Currency Convertible Bonds (FCCBs) to raise money in foreign currencies.

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