Which of the Following Statements Is True in Relation to Secondary

Multiple Choice

Which of the following statements is true in relation to secondary markets for LDC debt?

A) LDC loans change hands when one creditor assigns the rights to all future payments and principal payments to a buyer, hence removing it from the balance sheet.
B) Liquidity in these markets is low, as the country whose debt is traded needs to consent to the transaction.
C) Prices for LDC debt are negotiated directly between the purchaser and the seller.
D) LDC loans change hands when one creditor assigns the rights to all future payments and principal payments to a buyer and prices for LDC debt are negotiated directly between the purchaser and the seller.