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What is a eurodollar if a french citizen deposits 10000 in

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What is a Eurodollar? If a French citizen deposits $10,000 in Chase Bank in New York, have Eurodollars been created? What if the deposit is made in Barclays Bank in London? Chase"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.

Reference no: EM13573021

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