The Eurocurrency market continues to thrive because it is a large international money market relatively free of governmental regulation and interference.

Question

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The Eurocurrency market is a market for financial instruments denominated in a currency other than the currency of the country where the financial institution issuing the instrument is located. It is largely unregulated and operates outside the jurisdiction of national governments. This lack of regulation and interference from governments, as well as the international nature of the market, allows it to thrive.

The Eurocurrency Market Continues to Thrive Because It Is a Large