A Eurocurrency is:

Question

A Eurocurrency is:

Quizplus · Accepted Answer

A Eurocurrency is a bank deposit held in a country outside of the country that issues the currency in which the deposit is denominated. For example, US dollars held in a bank account in London would be considered a Eurocurrency. Option A specifies non-European currency held in Europe, which is not entirely accurate as Eurocurrency can include any currency. Option B is incorrect as it refers to the currency of the European Union, which is the euro, and Eurocurrency is not necessarily in euros. Option D is also incorrect as it refers to a European currency held outside of Europe, whereas Eurocurrency can be any currency held outside of its country of issue.

A Eurocurrency Is