When the U

question 87

Multiple Choice

When the U.S. dollar declines against the euro, it is

• A)potentially harmful for European banks only.
• B)potentially harmful for U.S. banks only.
• C)potentially harmful for those banks that have financed U.S. dollar assets with liabilities denominated in euros.
• D)potentially harmful for those banks that have financed euro-denominated assets with U.S. dollar liabilities.
• E)irrelevant for global banks.

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Definitions:

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Characterized by vulgar or pretentious display; designed to impress or attract notice.

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