Euro-dollar deposits refer to

Euro-dollar deposits refer to
A . A deposit denominated in the ECU
B . A US dollar deposit outside the US
C . A Euro deposit convertible into dollars upon maturity
D . A Euro deposit in the USA

View Answer

Answer: B

Explanation:

Eurodollar deposits refer to US dollar denominated deposits outside the US, for example in a banking center such as London, and held by a non-US bank or a foreign branch of a US bank. Choice ‘b’ is the correct answer.