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16. Eurodollars are best described as ===============
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 US banking regulation.
c) A currency deposited outside its country of origin
d) A foreign..denominated deposit subject to US
banking regulations
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Answer Posted / p.shireesha
EURODOLLARS ARE THE CURRENCY OF ALL THE EUROPEAN COUNTRIES
REGULATED BY THE US
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