Knowee
Questions
Features
Study Tools

Multiple Choice QuestionOriginally developed by London banks, any dollar-denominated deposit in a non-U.S. bank is called a _______ deposit.Multiple choice question.spoteurodollarpaper currencyforward

Question

Multiple Choice QuestionOriginally developed by London banks, any dollar-denominated deposit in a non-U.S. bank is called a _______ deposit.Multiple choice question.spoteurodollarpaper currencyforward

🧐 Not the exact question you are looking for?Go ask a question

Solution

The correct answer is "eurodollar".

Step by Step Explanation:

  1. The question is asking about a specific type of deposit that is denominated in dollars but is held in a non-U.S. bank.

  2. This type of deposit was originally developed by banks in London.

  3. The options given are spot, eurodollar, paper currency, and forward.

  4. The term "eurodollar" refers to U.S. dollar-denominated deposits at foreign banks or foreign branches of American banks.

  5. Therefore, the correct answer to the question is "eurodollar".

This problem has been solved

Similar Questions

What is the money in the form of currency and checkable deposits in commercial banks called?Multiple choice question.M1S1S2GDP

Multiple Choice QuestionNonbanks are financial organizations that _____.Multiple choice question.regulate the money supplydo not work with consumersare guaranteed by the FDICdo not accept deposits

Multiple Choice QuestionThe ____ was established by the world's industrialized nations in 1946 to loan money to underdeveloped and developing countries.Multiple choice question.International Monetary FundUnited NationsWorld BankEU

Multiple Choice QuestionWhat is another name for the stockpiles of foreign currencies held by governments that maintain a fixed exchange rate?Multiple choice question.International Monetary FundThe gold standardThe U.S. MintForeign-exchange reserves

Multiple Choice QuestionA checking account is also called a(n) _____.Multiple choice question.certificate of depositdemand depositinterest accountpaper account

1/3

Upgrade your grade with Knowee

Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.