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Question 430 - CTFA discussion

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Eurodollars are best described as __________.

A.
The new currency of the European Union
Answers
A.
The new currency of the European Union
B.
A U.S. dollar-denominated deposit -- generally in a bank located outside the United States -- that is not subject to U.S. banking regulations
Answers
B.
A U.S. dollar-denominated deposit -- generally in a bank located outside the United States -- that is not subject to U.S. banking regulations
C.
A currency deposited outside its country of origin
Answers
C.
A currency deposited outside its country of origin
D.
A foreign-denominated deposit subject to U.S. banking regulations
Answers
D.
A foreign-denominated deposit subject to U.S. banking regulations
Suggested answer: B
asked 16/09/2024
Eric De La Vega
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