The development of the European and Asian money markets was driven mainly by:

a.) governments in both areas wanting to facilitate transactions using their national currencies.

b.) the development of an international financial entities like the World Bank and International Monetary Fund that needed tot develop these markets to perform their operations.

c.) the growth of large U.S. firms in these areas that needed access to U.S. dollars in their international operations.

d.) The United Nations efforts to improve quality of life in these areas by providing easier access to financial markets in impoverished regions.