Financial security issued by banks operating outside U.S is classified as___________________?
Correct answer: C. Eurodollar market deposits
- A. Dollar bonds
- B. Euro deposits
- C. Eurodollar market deposits
- D. Euro bonds
Explanation
Eurodollar market deposits are U.S.-dollar deposits held in banks located outside the United States, regardless of the bank’s home country. They are therefore different from eurobonds, which are bonds issued in a currency different from that of the country where they are issued.
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Business finance explains how organisations plan, obtain and use money while balancing risk, return and liquidity. Topics include financial statements, time value of money, budgeting, working capital, capital structure, sources of finance, investment appraisal and cost of capital. Capital budgeting evaluates long-term projects, whereas working capital manages day-to-day operations.
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