Development of the Eurocurrency Market A Eurocurrency is any currency that is banked outside of its country of origin.
A) This includes the Eurodollar, Euro-yen and the Euro-pound.
B) A Eurocurrency can be created anywhere in the world, the euro-prefix simply reflects the European origin of the market.
C) It originated in the mid-1950s when eastern Europeans were hesitant to deposit their money in the United States because they were concerned it would be seized to settle losses resulting from the Communist take over.
D) The market continued to grow because it provided real financial advantages.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Development of the Eurocurrency Market A Eurocurrency is any currency that is banked outside of its country of origin. A) This includes the ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Bakker Corporation has provided the following production and average cost data for two levels of monthly production volume. The company produces a single product. Production volume 8,500 units 9,500 units Direct materials $97.70 per unit $97.
Answers (1)
Lester lent money to The Corner Store by purchasing bonds issued by the store. The rate of return that he and the other lenders require is referred to as the: (A) cost of equity. (B) pure play cost. (C) weighted average cost of capital.
Answers (1)
Hector Company gathered the following reconciling information in preparing its March bank reconciliation: Cash balance per books, on 3/31 $12,000 Note receivable collected by bank 6,000 Outstanding checks 9,000 Deposits in transit 4,500 Bank service
Answers (1)
Which of the following would be considered an example of seasonal scarcity? A. growing consumable produce in cycles B. stocking non-perishable items year round C. an item that is in large supply, yet low demand D.
Answers (1)
You want to be able to withdraw $45,000 each year for 25 years. Your account earns 4% interest. a) How much do you need in your account at the beginning? $ b) How much total money will you pull out of the account?
Answers (1)
New Questions in Business
Land used for raising crops or livestock is generally called a
Answers (2)
On July 1, 2013, Farm Fresh Industries purchased a specialized delivery truck for $126,000. At the time, Farm Fresh estimated the truck to have a useful life of eight years and a residual value of $30,000.
Answers (2)
Based on this which component of the sarcomere is actually being moved when the sarcomere contracts and relaxes
Answers (1)
Which of the following is the best example of direct-response print advertising? a. An advertorial A mailing from a travel agency that asks you to explain why your spouse deserves a dream vacation b. The opening Web page for ebates c.
Answers (1)
QS 9-5 Allowance method for bad debts LO P2 Gomez Corp. uses the allowance method to account for uncollectibles. On January 31, it wrote off an $2,000 account of a customer, C. Green. On March 9, it receives a $1,500 payment from Green. 1.
Answers (1)