Eurobanks Are

question 46

Multiple Choice

Eurobanks are:

• A) banks where Eurocurrencies are deposited.
• B) major world banks that conduct a Eurocurrency business in addition to normal banking activities.
• C) financial intermediaries that simultaneously bid for time deposits in and make loans in a currency other than that of the currency of where it is located.
• D) All of the above are descriptions of a Eurobank.

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Definitions:

Carboxylic Acid

Organic acids characterized by the presence of at least one carboxyl group, which consists of a carbon atom double-bonded to an oxygen atom and single-bonded to a hydroxyl group.

Alcohol

A compound containing one or more hydroxyl (OH) groups attached to a carbon atom.

Ester

Organic compounds formed by the reaction of an acid (usually carboxylic acid) with an alcohol, characterized by the functional group -COO-.

Williamson Ether Synthesis

A chemical reaction that synthesizes ethers from alkyl halides and alcohols using a strong base.