Topic 7 and 8: IMS, ECM Flashcards
1
Q
What are the types of exchange rate systems
A
free/clean float
managed/dirty float
fixed rate system
2
Q
What are the benefits of eurobanks vs domestic market
A
no requirement to maintain reserve
less regulation
less tax
less resources on unprofitable purposes
3
Q
Who are the people that deposit Eurocurrency?
A
banks central bank other banks government MNC wealthy individuals
