A dollar or other freely convertible currency deposited in a bank outside its country of origin is known as
A)a Eurocurrency
B)fiat money
C)a dragon bond
D)a drawdown

Question

Quizplus · Accepted Answer

A dollar or any other currency deposited in a bank outside its country of origin is called a Eurocurrency. This is because it is outside the jurisdiction of the home country's central bank and subject to the banking regulations of the country where it is deposited.

A Dollar or Other Freely Convertible Currency Deposited in a Bank