A key reason the commercial paper market developed later in Europe than in the United States is that
A) well-capitalized European banks did not need to find substitutes for traditional bank lending activities.
B) participation in the commercial paper market has been required of U.S. banks since 1914.
C) in the United States there have been important tax advantages to corporations in using the commercial paper market.
D) it was impossible for the commercial paper market in Europe to develop until the Eurodollar market became sufficiently large.
Correct Answer:
Verified
Q46: The typical Eurodollar loan
A)matures in less than
Q47: Which of the following is true of
Q48: Since the late 1980s, the share of
Q49: Eurocurrency deposits are
A)time deposits denominated in a
Q50: What is the primary motivation for loan
Q52: Today, the countries with large trade surpluses
Q53: The Eurodollar arose from
A)the desire of U.S.
Q54: Eurodollars are
A)dollar deposits in the United States
Q55: Before World War II what was the
Q56: The LIBOR is the
A)accounting convention used in
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