_____________ are commercial bank deposits in one nation denominated in the currency of another nation.

Name: _____________ are commercial bank deposits in one nation denominated in the currency of another nation.
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Question

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Eurocurrencies are commercial bank deposits denominated in foreign currencies held outside their country of origin. The term "euro" does not refer to the currency of Europe but rather serves as a generic term for any foreign currency held outside its country of origin.

_____________ Are Commercial Bank Deposits in One Nation Denominated in the Currency