Which One of the Following Terms Best Describes Eurodollars

question 30

Multiple Choice

Which one of the following terms best describes Eurodollars?

• A)Dollar-denominated deposits only in European banks.
• B)Dollar-denominated deposits at branches of foreign banks in the U.S.
• C)Dollar-denominated deposits at foreign banks and branches of American banks outside the U.S.
• D)Dollar-denominated deposits at American banks in the U.S.

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