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Financial Markets

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By definition, a EURODOLLAR is 

  • one Euro in the form of paper currency rather than coinage. 
  • a US Dollar deposited in foreign banks outside the US or in foreign branches of US banks. 
  • a US Dollar being held by the ECB specifically as currency reserves for Europe - US trade transactions. 
  • any US Dollar that has been purchased by Euros in the foreign currency market. 
  • the number of US Dollars that can be obtained in exchange for one Euro.  
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