Which of the following statements is false?
A) The Eurocurrency market is also known as offshore banking.
B) In the Eurocurrency market, the currency used in a banking transaction is generally not the domestic currency.
C) The Eurocurrency market operates with few restrictions.
D) The Eurocurrency market is limited to European currencies.
E) Eurodollars account for most of the deposit and loan activity in the Eurocurrency market.
Correct Answer:
Verified
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