Which of the following is (are) example(s) of a Eurocurrency market transaction?
I. A bank in Sydney lends euros to a company in Paris.
II. A company in New York borrows euros from a bank in London.
III. A bank in Auckland lends US dollars to a bank in Tokyo, which then on lends the US dollars to another borrower in Jakarta.
a, Only II.
b. Only III.
c. II and III.
d. Only I.
e.I and II.