The Eurocurrency market grew due to a lack of regulation,which permits greater efficiency in providing banking services.

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The Eurocurrency market grew due to a lack of regulation, which allowed for greater flexibility and efficiency in providing banking services. Without strict regulations, banks were able to offer their services to a wider range of clients and operate in jurisdictions with lower taxes and fewer restrictions. This enabled the market to expand rapidly and become a major component of the global financial system.

The Eurocurrency Market Grew Due to a Lack of Regulation,which