Which of the following statements are not true concerning the Eurocurrency Market Exhibits low costs...

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Which of the following statements are not true concerning the Eurocurrency Market Exhibits low costs per transaction because of relatively large size of transactions. It is a central mechanism to channel flow of international funds among banks and corporations It is regulated by the European Central Bank It is targely free from domestic banking regulations. Exhibits narrow spreads because of less regulation or iower transaction costs

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