Which of the following best describes Eurodollars?

A) European investments in U.S. companies
B) U.S. investment in European companies
C) U.S. dollars deposited in foreign banks
D) Euros deposited in U.S. banks

Eurodollars are U.S. dollars that are deposited in foreign banks, usually in countries outside of the United States and Europe. The term "Euro" in Eurodollars refers to the fact that these deposits were initially made in Europe, but now can be made in any country.