Deposits in European Banks Denominated in Dollars for the Purpose

question 45

Multiple Choice

Deposits in European banks denominated in dollars for the purpose of international transactions are known as

• A)Eurodollars.
• B)European Currency Units.
• C)European Monetary Units.
• D)International Monetary Units.

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Definitions:

Insertion Point

A cursor in computer interfaces that indicates where new text or data will be inserted within a document or input field.

End of Data

A marker or indicator used to signify the conclusion of a set of data within a database or data stream.

Accounting Number Format

A style of formatting numbers in financial documents that aligns currency symbols and decimal points, making it easier to read financial statements.

Decimal Places

The positions to the right of a decimal point in a number, representing fractions of a whole and determining precision.