American_Bankers_Association

CTFA · Question #404

Eurodollars are best described as __________.

The correct answer is B. A U.S. dollar-denominated deposit -- generally in a bank located outside the United States -- that. See the full explanation below for the reasoning.

Investment Management

Question

Eurodollars are best described as __________.

Options

AThe new currency of the European Union
BA U.S. dollar-denominated deposit -- generally in a bank located outside the United States -- that
CA currency deposited outside its country of origin
DA foreign-denominated deposit subject to U.S. banking regulations

How the community answered

(33 responses)

A
3% (1)
B
70% (23)
C
18% (6)
D
9% (3)

Topics

#Eurodollars#offshore deposits#U.S. dollar deposits#international banking

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