Which of the following is a reason for growth of the Euromarket?
A) The sudden decline of U.S dollars after the introduction of Euro.
B) The functional-currency-denominated financial statements of the foreign subsidiary were translated into the parent's currency without authorization.
C) The existence of offshore centers caused massive financial losses and problems for MNCs.
D) The consistently large U.S. balance-of-payments deficits helped scatter dollars around the world.

Question

Quizplus · Accepted Answer

The consistently large U.S. balance-of-payments deficits helped scatter dollars around the world, which led to the growth of the Euromarket as investors sought alternative investment opportunities outside the U.S. market.

Which of the Following Is a Reason for Growth of the Euromarket