Eurodollar certificates of deposit
A) are not marketable investments.
B) are used by banks to loan out funds to anyone seeking U.S. dollars.
C) pay interest rates usually lower than the rates on U.S. treasury bills.
D) are European currencies deposited into international U.S. branch banks.

Question

Quizplus · Accepted Answer

Eurodollar certificates of deposit are used by banks to loan out funds to anyone seeking U.S. dollars, making them a tool for banks to manage their U.S. dollar reserves and engage in lending.

Eurodollar Certificates of Deposit