_______________ are medium term financial instruments falling somewhat between short term Eurocurrency bank loans and long-term international bonds bank deposits denominated in a currency other than that of the nation in which the deposit is held.

Question

Quizplus · Accepted Answer

Euronotes are medium-term financial instruments that typically have maturities ranging from 1-10 years and are denominated in a currency other than that of the country where they are issued. They are similar to Eurobonds but are typically issued in smaller denominations and may be sold directly to investors rather than through an underwriter. Eurodollars are simply US dollars held in banks outside the United States, while offshore deposits refer to any bank accounts held outside of one's home country.

_______________ Are Medium Term Financial Instruments Falling Somewhat Between Short