Money deposited in a ﬁnancial centre outside the country whose currency is involved is called:

Question

Quizplus · Accepted Answer

Money deposited in a financial center outside the country whose currency is involved is called Eurocurrency. This term refers to any currency held on deposit outside of its country of origin, such as US dollars held in a bank located outside of the United States. The term "euro" in Eurocurrency does not refer to the European Union's currency, the Euro.

Money Deposited in a ﬁNancial Centre Outside the Country Whose