Which of the following statement is NOT correct regarding to euromarkets?

		Eurocurrencies are domestic currencies of one country on deposit in a second country
		Euroequity issue is an offering on multiple exchanges in multiple countries at the same time
		Eurocurrency deposits are an efficient and convenient money market device for holding excess corporate liquidity.
		Eurocurrency deposits are a tool used by the Federal Reserve to regulate the money supply of countries that peg their currency against the U.S. dollar.
		Eurobanks are financial intermediaries that simultaneously bid for time deposits in and make loans in a currency other than that of the currency of where it is located.