18.Which of the following is NOT correct about foreign currency liabilities for banks? Select one:

a. Often, large sums are raised in the international markets at a lower net cost.

b. As the sums raised are large amounts there is no foreign exchange risk.

c. Deregulation opened up greater avenues for bank funding from international markets.

d. Debt issued into the euromarkets is an important source of foreign currency liabilities.

e. Many corporate clients have demand for international transactions of varying currencies.