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Eurodollar |
Also found in: Dictionary/thesaurus, Financial, Encyclopedia, Wikipedia | 0.04 sec. |
EurodollarIn finance, US currency deposited outside the USA and held by individuals and institutions, not necessarily in Europe. Eurodollars originated in the 1960s when East European countries deposited their US dollars in West European banks. Banks holding Eurodollar deposits may lend in dollars, usually to finance trade, and often redeposit with other foreign banks. The practice is a means of avoiding credit controls and exploiting interest rate differentials. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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You could pay with eurodollars, which are dollar-denominated accounts that could be issued by any bank anywhere in the world. 9961 Money market mutual funds Year and month In M2 In M3 only RPs Eurodollars 2004--January 1. Editorial Includes market wrap-ups, economic indicators, information relevant to the fixed-income and currency markets, prices, charts and several market benchmarks, including Treasurys, Eurodollars and active agency issues. |
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Eurodollars
