What is the classification of Eurodollar deposits held in banks located outside the United States?

Money Markets MCQs for PPSC, FPSC, NTS, and Pakistan government job tests. Select an option below, then read the explanation.

PPSCFPSCNTSPakistan govt jobs
Subject
Money Marketsfinance-mcqs › money-markets
Published
12 May 2023
Last updated
28 May 2026

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Explanation

Eurodollar deposits refer to U.S. dollar-denominated deposits held in banks outside the United States. These deposits are categorized as Eurodollar certificates of deposit, distinguishing them from other types of certificates such as mutual or expansionary certificates.

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