A eurocurrency can be created anywhere in the world, as long as it is held outside the country of origin of the currency. Eurocurrencies are deposits in one currency that are held in banks outside of the country where that currency is the official currency. They are not limited to Europe and can be created and held in any country.

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A Eurocurrency

Question 80

Multiple Choice

A eurocurrency

A) can be created anywhere in the world.
B) should be created and banked in Europe.
C) can be created only in its country of origin.
D) refers to any former national currency of EU members.

Correct Answer: