Which of the Following Statements in Relation to the Relative

Which of the following statements in relation to the relative cost of transactions in the euromarkets is incorrect?

A) Euromarket transactions transcend country boundaries and therefore are not exposed to foreign exchange risk.
B) They do not deal in small retail market transactions, so their administrative and operating costs per dollar transacted are lower.
C) Loans tend to be for large amounts to medium-to-large borrowers, and so fewer resources are devoted to credit risk assessment per dollar lent.
D) Since transactions are conducted outside the jurisdiction of central bank regulation, costs associated with regulatory controls are minimised.