Eurodollar certificate of deposits
A) are not marketable investments.
B) are used by banks to loan out funds to anyone seeking dollars.
C) pay interest rates usually lower than the rates on U.S. treasury bills.
D) are European currencies deposited into international U.S. branch banks.

Question

Quizplus · Accepted Answer

Eurodollar certificates of deposit are U.S. dollar-denominated deposits at foreign banks or at the overseas branches of American banks. They are used by banks to loan out funds to anyone seeking dollars, making them marketable investments.

Eurodollar Certificate of Deposits