A US dollar deposit held in Europe or elsewhere outside the US.
- We have today the powerful money market fund complex, as well as instruments such as repurchase agreements and Eurodollars.
- In the same way, US dollars deposited in banks in the UK become Eurodollars.
- Repurchase Agreements added $1.2 billion, as Eurodollars declined less than $1 billion.
Definition of Eurodollar in:
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