Q443
Type of Eurodollars deposits denominated in banks outside United States is classified as
A.
mutual certificate of deposit
B.
euro dollar certificate of deposit
AnswerC.
expansionary certificate of deposit
D.
euro dollar contraction deposit
Answer: Option B
Solution
Answer: Option B
Solution:
Type of Eurodollars deposits denominated in banks outside United States is classified as euro dollar certificate of deposit. A Eurodollar certificate of deposit (Eurodollar CD) is a negotiable dollar-denominated time deposit issued by a U.S. bank located outside the United States or by a foreign bank located abroad.