In regards to the international money markets, which of the following is correct?

Select one:

a.

A NIF is a long-term facility offered by eurobanks facilitating the issue of secured P-notes.

b.

The eurocurrency markets provide indirect finance.

c.

Eurocurrency market transactions are generally short-term.

d.

A NIF issue generally does not have an underwriter.

e.

An euronote issuance facility aids an issuer to raise short-term coupon paying securities.