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Financial security issued by banks operating outside U S is classified...

This question belongs to Commerce Financial Management
Financial Management
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Financial security issued by banks operating outside U.S is classified as

Answer & Solution
Correct Answer: Option C
Financial security issued by banks operating outside U.S is classified as Eurodollar market deposits. Eurodollars are time deposits denominated in U.S. dollars at banks outside the United States, and thus are not under the jurisdiction of the Federal Reserve.
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