Question

U.S. dollars deposited in a bank in Switzerland are called:

a) foreign depository receipts
b) international exchange certificates
c) francs
d) Eurocurrency
e) Eurodollars

Answer 1

U.S. dollars deposited in a bank in Switzerland are called Eurocurrency.

Step-by-step explanation:

The U.S. dollars deposited in a bank in Switzerland are called Eurocurrency.

Eurocurrency refers to any currency deposited in a bank located outside of the country that issued the currency. In this case, the U.S. dollars deposited in a Swiss bank would be considered Eurocurrency because the deposit is made in a currency other than the Swiss Franc, which is the official currency of Switzerland.