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What is Eurocurrency market?

Updated: 9/13/2023
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15y ago

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Euro currency is the time deposit of money in an international bank located in a country different from the country that issued the currency. However the Eurocurrency market is the money market for borrowing or lending currencies that are in the form of deposits in an international bank and is used to execute domestic transaction.

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Q: What is Eurocurrency market?
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