The global trend toward the deregulation of financial markets has been facilitated by all of the following developments,except:
A) the development of the eurocurrency market.
B) pressure from financial services companies wanting to operate in a less regulated environment.
C) increasing rejection of the free market ideology associated with an individualistic political philosophy.
D) changes in the U.S.that allowed foreign banks to enter the U.S.capital market and domestic banks to expand their operations overseas.
Correct Answer:
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