A dollar-denominated deposit at a London bank is called ________.
A) eurodollars
B) LIBOR
C) fed funds
D) bankers' acceptance

Question

Quizplus · Accepted Answer

Dollar-denominated deposits held in foreign banks are known as eurodollars. Because London was an early center for trading in dollar-denominated deposits, the term "eurodollar" has become synonymous with any dollar deposit held outside of the United States.

A Dollar-Denominated Deposit at a London Bank Is Called ________