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 U.S. dollar-denominated deposits held at foreign banks or at the overseas branches of American banks.

Which One of the Following Terms Best Describes Eurodollars