The type of Eurodollars deposits denominated in banks outside United States is classified as __________?
Correct answer: B. euro dollar certificate of deposit
- A. mutual certificate of deposit
- B. euro dollar certificate of deposit
- C. expansionary certificate of deposit
- D. euro dollar contraction deposit
Explanation
Eurodollar certificates of deposit are dollar-denominated deposits issued by banks outside the United States. They are distinct from ordinary U.S. dollar certificates of deposit because the issuing bank is located abroad.
Report an error
The more specific you are, the faster it gets fixed. A source beats an opinion.
Prefer email? support@testustad.com
About Business Finance
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.
Practise Business Finance
975 free Business Finance MCQs from Management Sciences, each with the correct answer and an explanation. Unlimited attempts, no account needed.
Exams that ask Management Sciences questions like this
Management Sciences is on 2 papers prepared for on TestUstad, and all of them draw the same bank, so this question is worth knowing for every one of them.
More Business Finance questions
The transactions that came into being when borrowing and lending of excess money occurs, are considered as _________?
The type of negotiable certificate of deposits is usually classified as ___________?
The retail certificate of deposits which are not traded have face value of ___________?
The drafts which are backed up by banks and are payable to seller of products or services are classified as ___________?
The repurchase agreements having maturity of longer term have denominations of ____________?
In treasury bills auction, the treasury bills are sold at ___________?