U)S. dollar deposits in foreign banks outside the U.S. or in foreign branches of U.S. banks are called
A)Atlantic dollars.
B)Eurodollars.
C)foreign dollars.
D)outside dollars.

Question

Quizplus · Accepted Answer

U.S. dollar deposits in foreign banks outside the U.S. or in foreign branches of U.S. banks are called Eurodollars. This term originated in the 1950s when Soviet Union countries started depositing U.S. dollars in European banks to avoid government confiscation.

U)S Dollar Deposits in Foreign Banks Outside the U