Of the following, which was NOT cited by the authors as a valuable function provided...
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Finance
Of the following, which was NOT cited by the authors as a valuable function provided by the Eurocurrency market?
A.
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.
B.
Eurocurrency deposits are an efficient and convenient money market device for holding excess corporate liquidity.
C.The Eurocurrency market is a major source of
shortterm
bank loans to finance corporate working capital needs.
D.
All of the above were cited by the authors.
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