Eurodollars are dollar-denominated deposits held in banks outside the United States. This includes deposits held in countries such as Japan, Eurozone countries, and the UK. These deposits are often used by multinational corporations and other institutions for international transactions and investments.

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Eurodollars Are

Question 23

Multiple Choice

Eurodollars are:

A) the currency of the European Economic Union.
B) euro-denominated deposits in U.S. Banks.
C) dollar-denominated deposits in banks outside the United States.
D) dollars that are specially printed for use abroad to minimize counterfeiting.

Correct Answer: