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euro dollars are best described as ?
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Answer / pollitirumaleswarareddy
A US dollar denominated deposit generally in a bank located
outside the united states that is not subject to US banking
regulation.
A US dollar-denominated deposit in Tokyo or Caracas would
likewise be deemed a Eurodollar deposit. Neither is there
any connection with the euro currency. Typically the term is
only used for US dollars in European banks, but technically
the term could be used for US dollars deposited at any
non-US bank account.
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