Asked by Cassidy Jones on Jun 26, 2024
Verified
The term for Canadian dollar deposits in banks outside of the Canadian banking system is:
A) ADR.
B) Gilts.
C) EuroCanadian.
D) LIBOR.
E) Cross-rated dollars.
Canadian Dollar
The official currency of Canada, abbreviated as CAD.
- Recognize the significance of Eurocurrency, Eurobonds, and other international financial instruments and markets.
Verified Answer
VR
Vikram ReddyJul 02, 2024
Final Answer :
C
Explanation :
The term "EuroCanadian" refers to Canadian dollar deposits held in banks outside Canada. This is part of the broader category of "Eurocurrency," which encompasses any currency deposited in a bank not located in the currency's country of origin.
Learning Objectives
- Recognize the significance of Eurocurrency, Eurobonds, and other international financial instruments and markets.
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