A Eurodollar loan is a(n):
a. ECU-denominated loan issued by a U.S. bank.
b. dollar-denominated loan payable to a European bank.
c. ECU-denominated loan that is subject to banking regulations in both the United States and Europe.
d. dollar-denominated loan issued outside the U.S. domestic banking system.
e. loan by the European Community to the U.S. government.
d
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A monopolist maximizes total revenue at the quantity where marginal revenue equals zero
a. True b. False
If bus travel is an inferior good, then its income elasticity of demand will be:
a. strictly greater than one. b. positive. c. equal to zero. d. negative.
Federal spending in nominal dollars (that is, dollars not adjusted for inflation) has grown by what multiple from 1960 to 2014?
a. 10 b. 23 c. 30 d. 38
Which of the following did NOT happen during the late 19th century in the U.S.?
a. Falling crop prices reduced farmers' incomes b. From 1880 to 1896, the price level fell by 23 percent c. Farmers lobbied for government policies to reduce inflation d. Farmers had reduced ability to pay off debts