Multiple Choice
Which one of the following gives rise to a new eurocurrency deposit?
A) a U.S. exporter receives payment from a U.K. importer in U.S. dollars drawn on a New York bank and places dollars in a London bank
B) a London bank loans out 90 percent of a eurodollar deposit to a firm which then Deposits the eurodollars in a French bank account (in dollars)
C) a French businessman opens up a bank account in Zurich, denominated in French Francs
D) all of the above
Correct Answer:

Verified
Correct Answer:
Verified
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