Question: Consider that we are talking about the US banking sector as the local market. A. What is meant by Eurocurrency Deposits? Explain its meaning and

Consider that we are talking about the US banking sector as the local market.

A. What is meant by Eurocurrency Deposits? Explain its meaning and major characteristics?

B. With relation to the US banking sector, can all US commercial banks accept these types of deposits? If yes or no, explain what are those types of banks that can accept Eurocurrency Deposits?

C. Indicate why did the Eurocurrency deposits market grew so rapidly in the world?

D. Explain at least two sources or ways by which a US commercial bank operating inside USA can gain access to funds from the Eurocurrency markets?

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