The term Euro currency Market refers to
A. The countries which have adopted Euro as their currency
B. The market in which Euro is exchanged for other currencies
C. The market where the borrowing and lending of currencies take place outside the country of issue
D. The international foreign exchange market
Answer: Option C
Solution(By Examveda Team)
The term Euro currency Market refers to the market where the borrowing and lending of currencies take place outside the country of issue. The eurocurrency market is the money market in which currency held in banks outside of the country where it is legal tender is borrowed and lent by banks.Related Questions on International Finance and Treasury
A. The British Pound
B. The Japanese Yen
C. The Spanish Peso
D. The US Dollar
Not a profit maximizing business is
A. International Monetary Fund
B. International bank for Reconstruction and Development
C. International Financial Corporation
D. World Trade Organisation
A. Merchandise Payment
B. Service Payment
C. Factory Income
D. Transfer payment
Nations that have major economic expansion attract
A. Imports
B. Direct Foreign Investment
C. Exports
D. Privatization
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