The existence of specific regulations and controls on dollar deposits in the United States, including interest rate ceiling imposed by the government, has contributed to the growth of the Euromarket.

Question

Quizplus · Accepted Answer

The existence of specific regulations and controls on dollar deposits in the United States, including interest rate ceiling imposed by the government, has made the Euromarket more attractive as it operates outside the jurisdiction of U.S. regulations and allows for higher interest rates.

The Existence of Specific Regulations and Controls on Dollar Deposits