Eurobank activities cannot have any influence on domestic monetary practice since Eurodollars do not provide a means of payment.

Question

Quizplus · Accepted Answer

Eurodollars are a form of currency that can be used for international transactions, and the Eurobank's activities in dealing with Eurodollars can have an impact on global monetary practices. However, they do not directly impact domestic payment systems, which typically rely on national currencies.

Eurobank Activities Cannot Have Any Influence on Domestic Monetary Practice