Which of the Following Statements About Eurocurrencies Is FALSE

question 37

Multiple Choice

Which of the following statements about eurocurrencies is FALSE?

• A) They are bank deposits that are not subject to domestic banking legislation.
• B) They offer investors lower rates of return in exchange for the tax benefits.
• C) They were formerly called eurodollars.
• D) The U.S. dollar represents about 80% of all eurocurrencies.
• E) 50% of this market is in Europe.

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