Eurocurrencies are deposits,denominated and payable in dollars and other foreign currencies,in banks outside the United States,primarily in London,the market's center.

Question

Quizplus · Accepted Answer

Eurocurrencies are indeed deposits held outside the United States and are mainly denominated and payable in currencies such as dollars, euros, yen, or pounds. London is known as the hub of the Eurocurrency market.

Eurocurrencies Are Deposits,denominated and Payable in Dollars and Other Foreign