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In an Overnight Eurodollar Transaction

Question 47

Multiple Choice

In an overnight Eurodollar transaction


A) foreign governments borrow dollars from the U.S. Treasury overnight.
B) a bank customer's demand deposit is automatically withdrawn and deposited in a foreign branch that pays interest.
C) U.S. tourists deposit dollars in a European bank at the end of the day and receive foreign currency the next morning.
D) foreign tourists deposit foreign currency in a U.S. bank at the end of the day and receive dollars the next morning.

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