Asked by Keaton O'Brien on May 07, 2024
Verified
Provide a definition for Eurobanks.
Eurobanks
Banks located outside their country of incorporation that deal predominantly in Eurocurrencies – currencies held outside their country of origin.
- Comprehend the purpose that Eurobanks serve and their influence in the international banking system.
Verified Answer
CG
Crystal GlausMay 11, 2024
Final Answer :
Banks that make loans and accept deposits in foreign currencies.
Learning Objectives
- Comprehend the purpose that Eurobanks serve and their influence in the international banking system.