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Q: What are characteristics of the Eurocurrency market?
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What does eurocurrency market functions?

Eurocurrency Market is a market where currency is held by banks outside of the country and then borrowed and lent by banks in Europe. It is often utilized by the extremely wealthy and large firms.


What are the feature of eurocurrency market?

non governmental intervention


What is Eurocurrency market?

Euro currency is the time deposit of money in an international bank located in a country different from the country that issued the currency. However the Eurocurrency market is the money market for borrowing or lending currencies that are in the form of deposits in an international bank and is used to execute domestic transaction.


What instruments are available in the money market?

Treasury bills and bonds, federal agency securities, federal funds, negotiable certificates of deposits, commercial paper, bankers' acceptances, repurchase agreements, eurocurrency deposits, eurocurrency loans, futures instruments, and options


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