Efficiency in the Eurocurrency Market Comes from All of the Following

question 41

Multiple Choice

Efficiency in the eurocurrency market comes from all of the following except

• A) Higher profits for Eurobanks.
• B) Low cost borrowing.
• C) Free entry of new banks.
• D) Lack of government regulation.

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Definitions:

Restraints of Trade

Legal or economic actions or practices that restrict free trade or competition in a particular market.

Jurisprudence

The theory or philosophy of law; a body of laws or legal principles derived from judicial decisions and legal writings.

Sherman Antitrust Act

A landmark federal statute in the United States passed in 1890 to prevent anti-competitive practices, monopoly, and to promote competition.

Federal Legislation

Laws passed by the federal government of a country, which apply to the entire nation and supersede local laws in areas of federal authority.