I've heard this term in the news
2007-09-12 17:43:17 · 5 answers · asked by Anonymous in Politics & Government ➔ Other - Politics & Government
Eurodollars are deposits denominated in United States dollars at banks outside the United States, and thus are not under the jurisdiction of the Federal Reserve. Consequently, such deposits are subject to much less regulation than similar deposits within the United States, allowing for higher margins.
May I suggest that people who every mention of the words "euro", "dollar", "EU", "United States", etc, with an angry attack on "morons" research their answers rather than displaying their ignorance?
2007-09-12 20:17:15 · answer #1 · answered by somebodyelse 3 · 1⤊ 0⤋
It is the name those idiots on the news mistakenly give to the Euro, the generally accepted currency used in Europe.
You would think those bias twerps reporting the news would check their facts well enough to know the Euro has been around for several years now!
2007-09-12 17:53:25 · answer #2 · answered by Philip H 7 · 1⤊ 2⤋
The Euro is the currency of the European union
2007-09-12 17:46:38 · answer #3 · answered by Anonymous · 0⤊ 2⤋
aka euro
it's he currency in the European union.
2007-09-12 17:49:08 · answer #4 · answered by thereturnofveveritzaproasta 3 · 0⤊ 2⤋
It's European currency.
2007-09-12 17:49:43 · answer #5 · answered by Put_ya_mitts_up 4 · 0⤊ 2⤋