If Japanese yen are deposited in a bank in Paris, the deposits would be called ____

Question

Quizplus · Accepted Answer

When Japanese yen are deposited in a bank outside Japan, they are called Euroyen. In this case, the bank is in Paris, which is a European city, hence the name Euroyen. Option A, Eurofrancs, refers to a hypothetical currency that does not exist. Option B, European Currency Unit, was an accounting unit for the European Union and has been replaced by the euro. Option C, Eurobond, is a bond denominated in a currency other than that of the country in which it is issued.

If Japanese Yen Are Deposited in a Bank in Paris