Question: Which is not cited as a valuable function provided by eurocurrency market? a. eurocurrency deposits are efficient and convenient money market device for holding excess

Which is not cited as a valuable function provided by eurocurrency market?

a. eurocurrency deposits are efficient and convenient money market device for holding excess corporate liquidity.

b. eurocurrency deposits are atoold used by federal reservce to regulate money supply of countries that peg currency against us dollar.

c. eurocurrency market is major source of short term bank loans to finance corporate workers capital needs.

d. all of the above

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