Eurodollars are ________.

A) dollar-denominated deposits at any foreign bank or foreign branch of an American bank
B) dollar-denominated bonds issued by firms outside their home market
C) currency issued by Euro Disney and traded in France
D) dollars that wind up in banks as a result of money-laundering activities

Eurodollars

US dollars deposited in banks outside the United States, often used for international transactions and investing.

Dollar-Denominated Deposits

Bank deposits made in U.S. dollars rather than the local currency, often used by investors to avoid foreign exchange rate risk.

Foreign Bank

A bank based in a country other than the country it provides services in, often subject to both domestic and international banking regulations.