Which of the following is NOT true about Eurodollar securities?
A) Eurodollars are U.S. dollars deposited in the United States by European investors.
B) The interest rate on Eurodollar floating-rate CDs adjusts periodically to the LIBOR.
C) Eurodollar securities include Euronotes and Euro-commercial paper.
D) The volume of Eurodollar CDs has grown because the U.S. dollar is used in a significant number of international transactions.
Correct Answer:
Verified
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