Of the following, which was NOT cited by the authors as a valuable function provided by the Eurocurrency market?
A) Eurocurrency deposits are an efficient and convenient money market device for holding excess corporate liquidity.
B) Eurocurrency deposits are a tool used by the Federal Reserve to regulate the money supply of countries that peg their currency against the U.S. dollar.
C) The Eurocurrency market is a major source of short-term bank loans to finance corporate working capital needs.
D) All of the above were cited by the authors.
Answer: B
You might also like to view...
When auditing pension obligations, the auditor will likely use a specialist to assist the audit team
a. True b. False Indicate whether the statement is true or false
Which of the following is a part of the definition of conflict?
A. hidden struggle B. compatible goals C. dependence on one another D. all of these
The primary financial analysis of profit ratios should include only income and expenses arising from the normal operations of the business. This would exclude:
a. interest income. b. gross profit. c. inventory write-downs. d. discontinued operations.
Marketing prescriptive models can be used to:
a. Identify which customer segments will be most profitable. b. Determine whether to continue promotional spending in order to generate future sales. c. Determine whether to curtail spending and allocate marketing resources to more profitable customer targets. d. All of the above