The existence of specific regulations and controls on dollar deposits in the United States, including interest rate ceiling imposed by the government, have contributed to the growth of the Euromarket.

Question

Quizplus · Accepted Answer

The existence of specific regulations and controls on dollar deposits in the United States, including interest rate ceiling imposed by the government, have indeed contributed to the growth of the Euromarket. This is because these regulations made it difficult for banks to offer competitive rates on deposits, leading to the emergence of the Euromarket as an alternative source of funding.

The Existence of Specific Regulations and Controls on Dollar Deposits