What is a Eurodollar? If a French citizen deposits $10,000 in Chase Manhattan Bank in New York,
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What is a Eurodollar? If a French citizen deposits $10,000 in Chase Manhattan Bank in New York, have Eurodollars been created? What if the deposit is made in Barclay’s Bank in London Chase Manhattan’s Paris branch? Does the existence of the Eurodollar market make the Federal Reserve’s job of controlling U.S. interest rates easier or more difficult? Explain.
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A Eurodollar is a dollar deposit in a foreign bank normally a European bank The for...View the full answer
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