Q2. The term Euro Currency market refers to A. The international foreign exchange market B. The market where the borrowing and lending of currencies take place outside the country of issue C. The countries which have adopted Euro as their currency D. The market in which Euro is exchanged for other currencies Answer: B
The eurocurrency market is the money market for currency outside of the country where it is legal tender. The eurocurrency market is utilized by banks, multinational corporations, mutual funds, and hedge funds.
The eurocurrency market is the money market for currency outside of the country where it is legal tender. The eurocurrency market is utilized by banks, multinational corporations, mutual funds, and hedge funds.
