Dollar-denominated time deposits in banks outside the United States are known as

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Dollar-denominated time deposits in banks outside the United States are known as eurodollar deposits. Eurodollar swaps involve exchanging a fixed-rate Eurodollar debt obligation for a floating-rate debt obligation, while Eurodollar bonds are dollar-denominated bonds issued by foreign entities. Eurocommercial paper refers to short-term, unsecured debt securities issued in the Eurocurrency market.

Dollar-Denominated Time Deposits in Banks Outside the United States Are