Eurodollars are ........

Economic Affairs Financial Markets

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Eurodollars are

a currency issued by European Monetary Union

time deposits denominated in U.S. dollars and held in banks outside of the United States.

U.S. dollars circulating In Europe

European currencies exchanged for the U.S. dollar in U.S.

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Explanation:

The term eurodollar refers to U.S. dollar-denominated deposits at foreign banks or at the overseas branches of American banks. Because they are held outside the United States, eurodollars are not subject to regulation by the Federal Reserve Board, including reserve requirements. Dollar-denominated deposits not subject to U.S. banking regulations were originally held almost exclusively in Europe (hence, the name eurodollar).