During the next ten years, the major threat to the dominance of the U.S. money and capital markets will come from

Question

Quizplus · Accepted Answer

The Euro-zone countries and their single currency, the Euro, have been steadily gaining prominence in the global money and capital markets. The stability of the Euro-zone economy, coupled with the strength of the Euro as a reserve currency, has made it a serious contender to challenge the dominance of the U.S. markets in the coming years. Russia's economic transformation, Japan's prolonged recession, and China's massive economy are all significant factors, but they do not pose as immediate or sustained a threat as the Euro-zone.

During the Next Ten Years, the Major Threat to the Dominance