Which of the following is an example of a Eurocurrency?
A) A branch of a Canadian bank located in Paris accepts a deposit in U.S. dollars.
B) A branch of a U.S. bank located in Tokyo accepts a deposit in Japanese yen.
C) A branch of a U.S. bank located in New York accepts a deposit in U.S. dollars.
D) A branch of a London bank located in Paris accepts a deposit in Euros.
E) A branch of a Swiss bank located in Mexico City accepts a deposit in Mexican pesos.

Question

Quizplus · Accepted Answer

Eurocurrency refers to any currency banked outside of its country of origin. Choice A, where a Canadian bank in Paris accepts a deposit in U.S. dollars, is an example of Eurocurrency because U.S. dollars are being banked outside the U.S.

Which of the Following Is an Example of a Eurocurrency