Eurodollars Are Best Described as __________

Multiple Choice

Eurodollars are best described as __________.

A) The new currency of the European Union
B) A U.S. dollar-denominated deposit -- generally in a bank located outside the United States -- that is not subject to U.S. banking regulations
C) A currency deposited outside its country of origin
D) A foreign-denominated deposit subject to U.S. banking regulations