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25 January, 02:35

What have been the major factors contributing to growth in the global financial markets?

A. The euro has had a notable impact on the global financial system by being an important currency for international transactions.

B. Deregulation of foreign capital markets has allowed many new investors to participate in international investing.

c. Both A and B are correct

d. Nither A nor B is correct

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Answers (1)
  1. 25 January, 03:01
    0
    The answer is: C) Both A and B are correct

    Explanation:

    The euro (common currency used by the European Union) and the US Dollar are the two most important currencies in the world and are regularly used for international transactions. Several of the world's most important financial centers are located within the European Union; London, Frankfurt and Paris.

    Since the 1980s, governments around the world have eased the limits of foreign investments allowed in their economies. China is an example of economic reforms and loosening regulations.
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