________ are funds denominated in U.S. dollars and deposited in banks located outside the United States.
A) Negotiable certificates of deposit
B) Eurodollar deposits
C) Banker's acceptances
D) Money market mutual funds

Question

Quizplus · Accepted Answer

Eurodollar deposits are funds denominated in U.S. dollars and deposited in banks located outside the United States. Eurodollar deposits are a popular form of offshore banking, offering benefits such as higher interest rates and tax advantages. Negotiable certificates of deposit, banker's acceptances, and money market mutual funds are not necessarily located outside the United States and do not necessarily denominate in U.S. dollars.

________ Are Funds Denominated in U