Which ONE of the following statements about Eurocredits is true?
A) The international banking system gathers funds from businesses and governments in the Eurocurrency market and then allocates funds to banks that have the most profitable lending opportunities.
B) Eurocredits are denominated in all major Eurocurrencies, although the dollar is the overwhelming favourite.
C) Eurocredits are short- to medium-term loans made to multinational companies and governments of medium to high credit quality.
D) All of the above.
Correct Answer:
Verified
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