A Eurocurrency is any currency that is banked outside its country of origin.

Question

Quizplus · Accepted Answer

A Eurocurrency refers to any currency that is held in a bank outside of its country of origin. For example, if US dollars are held in a bank in London, it would be considered a Eurodollar since the currency is being held outside of the US. The term "Eurocurrency" does not just refer to the euro, but any currency that is being banked outside of its country of origin.

A Eurocurrency Is Any Currency That Is Banked Outside Its