Which of the following statements are true for a Euro currency market ? Answer from the codes below

Posted by MCQ LOG at 1:27 PM

Which of the following statements are true for a Euro currency market ? Answer from the codes below :

(i) Its existence affects the effective conduct of monetary policy.
(ii) It is a highly regulated market.

Codes :

(1) Both (i) and (ii) are true
(2) Neither (i) nor (ii) is true
(3) Only (i) is true
(4) Only (ii) is true


Answer - (3) Only (i) is true