Use the Following Information to Answer Questions

question 31

Multiple Choice

Use the following information to answer questions
General Motors, a U.S. firm, withdraws $100 million from Bank of America in New York and deposits $100 million with Eurobank X in the Bahamas. Then, Eurobank X deposits $100 million in Eurobank Y in Switzerland. A Swiss Chocolate, Inc. borrows $100 million from Eurobank Y to finance a new plant construction.
-At the end, the net deposits of the Eurodollar market would be ________.

• A) $100 million
• B) $200 million
• C) $300 million
• D) $400 million

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Definitions:

Replicate

To duplicate or reproduce an experiment, study, or procedure to verify its results.

Extant Cetaceans

Currently living species of the marine mammal group that includes whales, dolphins, and porpoises.

Ancestors

Predecessors from whom a person or animal is descended, often considered in the context of evolution, genealogy, or cultural heritage.

Hindlimbs

The rear limbs or legs of an animal, often used for propulsion in terrestrial species.