Eurocurrency markets are a source of attractively priced working capital loans for multinational firms because:

1. Lower regulatory costs allow lenders to offer lower cost loans

2. The absence of economies of scale in the wholesale market allow better pricing

3. Dollars are more expensive to hold than other currencies

A) 1,2, and 3

B) 1 and 2 only

C) 1 only

D) 2 and 3 only