________ are domestic currencies of one country on deposit in a second country.

Question

Quizplus · Accepted Answer

Eurocurrencies are domestic currencies of one country deposited in a second country, typically in the form of bank deposits denominated in a currency other than the currency of the country in which they are deposited. LIBORs refer to the London Interbank Offered Rate, which is the average interest rate at which banks in London can borrow from each other, while federal funds are overnight loans made between banks. Discount window deposits refer to loans made by the Federal Reserve to banks.

________ Are Domestic Currencies of One Country on Deposit in a Second