Task: Class Definition Understanding (ontology: Business_Finance/Financial_Industry_Business_Ontology)

Which of the following definitions best describes 'redenomination action'?

A. corporate action involving information provided by the issuer having no accounting/financial impact on the holder
B. corporate action by which the unit (currency and/or nominal) of a security is restated
C. corporate action that involves distribution of a dividend to shareholders in the form of equities of the issuing corporation
D. corporate action involving an increase in a corporation's number of outstanding equities without any change in the shareholder's equity or the aggregate market value at the time of the split

Answer: corporate action by which the unit (currency and/or nominal) of a security is restated