Which one of the following terms best describes Eurodollars:
A) dollar-denominated deposits in European banks.
B) dollar-denominated deposits at branches of foreign banks in the U.S.
C) dollar-denominated deposits at foreign banks and branches of American banks outside the U.S.
D) dollar-denominated deposits at American banks in the U.S.
E) dollars that have been exchanged for European currency.

Question

Quizplus · Accepted Answer

Eurodollars are dollar-denominated deposits held at foreign banks or at the overseas branches of American banks, outside the United States.

Which One of the Following Terms Best Describes Eurodollars