Which one of the following is the MOST obvious example of the globalization of financial markets?
A)the creation of the European Union
B)the rise of the Euromarkets
C)the end of the Soviet Union
D)the Asian currency crisis of 1997

Question

Quizplus · Accepted Answer

The rise of the Euromarkets, where companies and governments outside of Europe could borrow and invest in multiple currencies, is a clear example of how financial markets have become globalized. This allowed for greater capital flow and investment opportunities on a global scale. The other answer choices are not as directly related to the globalization of financial markets.

Which One of the Following Is the MOST Obvious Example