Which of the following statements regarding the foreign currency liabilities of a bank is incorrect?
A) The large international markets are important sources of funds for commercial banks.
B) Australian banks occasionally issue debt securities into the international markets to raise sums ranging from $20 million to $50 million.
C) Foreign currency liabilities issued into the euromarkets are typically denominated in US dollars.
D) After deregulation commercial banks were able to expand their international funding sources.
Correct Answer:
Verified
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