When the U

Multiple Choice

When the U.S. dollar declines against the euro, 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 euros.
D) potentially harmful for those banks that have financed euro-denominated assets with U.S. dollar liabilities.
E) irrelevant for global banks.