Q962
Financial security issued by banks operating outside U.S is classified as
A.
dollar bonds
B.
euro deposits
C.
Eurodollar market deposits
AnswerD.
euro bonds
Answer: Option C
Solution
Answer: Option C
Solution:
Financial security issued by banks operating outside U.S is classified as Eurodollar market deposits. Eurodollars are time deposits denominated in U.S. dollars at banks outside the United States, and thus are not under the jurisdiction of the Federal Reserve.