Banks that are involved in borrowing and lending transactions in currencies other than their domestic currencies are called:

Question

Quizplus · Accepted Answer

Eurobanks are banks that engage in borrowing and lending transactions in currencies other than their domestic currencies, and do so primarily in the Eurocurrency markets. This includes banks located in Europe, as well as other countries that engage in Eurocurrency transactions. Foreign banks may also engage in currency transactions, but the term Eurobank specifically refers to banks participating in the Eurocurrency market. Market makers and foreign exchange dealers may be involved in currency transactions, but they are not necessarily banks.

Banks That Are Involved in Borrowing and Lending Transactions in Currencies