Which of the following statements about eurocurrencies is FALSE?
A) They are bank deposits that are not subject to domestic banking legislation.
B) They offer investors lower rates of return in exchange for the tax benefits.
C) They were formerly called eurodollars.
D) The U.S. dollar represents about 80% of all eurocurrencies.
E) 50% of this market is in Europe.
Correct Answer:
Verified
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