When the U.S. dollar declines against European currencies, it is
A. potentially harmful for European banks only.
B. potentially harmful for U.S. banks only.
C. potentially harmful for those banks that have financed U.S. dollar assets with liabilities denominated in European currencies.
D. potentially harmful for those banks that have financed European currency assets with U.S. dollar liabilities.
E. irrelevant for global banks.
Ans: C. potentially harmful for those banks that have financed U.S. dollar assets with liabilities denominated in European currencies.
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