Eurocurrency transactions in the external credit market fall outside the jurisdiction of any single nation.

Name: Eurocurrency transactions in the external credit market fall outside the jurisdiction of any single nation.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Eurocurrency transactions involve the use of currencies deposited in banks outside the country that issued the currency. Therefore, they are not subject to the regulations and jurisdiction of any single nation.

Eurocurrency Transactions in the External Credit Market Fall Outside the Jurisdiction