The following are features of the Eurocurrency market except:

a. Market exhibits narrow spreads

b. The IMF provides market oversight

c. Costs of complying with regulations are low since there are no deposit insurance assessments and no required reserves.

d. Borrowers' credit worthiness well known so the need for credit investigation is low

e. The EU subsidizes the market

f. Taxes and fees levied on Euro-banking operations are generally lower than those applied to domestic banking.

g. Low costs per transaction because of relatively large size of transactions

h. No taxes are withheld from interest payments to Eurocurrency depositors.