Eurodollar refers to:
A)a currency that is issued by the European Union to repay debts to American financial institutions.
B)a currency which serves as the world's primary reserve currency.
C)U.S.dollars deposited in any bank outside the United States.
D)any currency on deposit outside its country of issue.
E)the international pricing currency for products traded on a global market.

Question

Quizplus · Accepted Answer

Eurodollars are U.S. dollars deposited in banks outside the United States, not necessarily in Europe. They are part of the larger international money market and are used for lending and borrowing between banks internationally.

Eurodollar Refers To