This topic contains a solution. Click here to go to the answer

Author Question: How did the Eurocurrency market develop? What role did global banks play in the process? What ... (Read 47 times)

ahriuashd

  • Hero Member
  • *****
  • Posts: 535
How did the Eurocurrency market develop? What role did global banks play in the process?
 
  What will be an ideal response?

Question 2

What is meant by organizational commitment?
 
  What will be an ideal response?



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

mathjasmine

  • Sr. Member
  • ****
  • Posts: 312
Answer to Question 1

The Eurocurrency market originated in the early 1950s when the communist-controlled governments of Central and Eastern Europe needed dollars to finance their international trade, but feared the U.S. government would confiscate or block their holdings of dollars in U.S. banks for political reasons. The communist governments solved this problem by using European banks that were willing to maintain dollar accounts for them.

Answer to Question 2

Organizational commitment reflects an individual's identification with and loyalty to the organization.





 

Did you know?

Medications that are definitely not safe to take when breastfeeding include radioactive drugs, antimetabolites, some cancer (chemotherapy) agents, bromocriptine, ergotamine, methotrexate, and cyclosporine.

Did you know?

Fewer than 10% of babies are born on their exact due dates, 50% are born within 1 week of the due date, and 90% are born within 2 weeks of the date.

Did you know?

Cyanide works by making the human body unable to use oxygen.

Did you know?

Immunoglobulin injections may give short-term protection against, or reduce severity of certain diseases. They help people who have an inherited problem making their own antibodies, or those who are having certain types of cancer treatments.

Did you know?

The U.S. Pharmacopeia Medication Errors Reporting Program states that approximately 50% of all medication errors involve insulin.

For a complete list of videos, visit our video library