Factors that have contributed to the rapid growth of the Eurocurrency market inc

Question

Factors that have contributed to the rapid growth of the Eurocurrency market include all of the following except

            a.         a growing volume of international trade and foreign investment

            b.         domestic interest-rate controls imposed by national governments

            c.         reserve requirements established by national central banks

            d.         the 1973 Federal Reserve System exemption of large-denomination certificates of deposit from Regulation Q ceilings.

Please provide with the correct choice and explain your answer!

Explanation / Answer

b. domestic interest-rate controls imposed by national governments

Because domestic interest-rate has no role for growth of the Eurocurrency marke

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