U.S. currency held on deposit at any foreign bank. U.S. Dollars make their way to these financial institutions when they are used to pay for foreign good and services and when they are exchanged for foreign currency at a non-U.S. bank.
Browse by Subjects
money supply
interest rate futures
eurocommercial paper
Ted spread
London Interbank Offered Rate
See All Related Terms »

blank cheque
underabsorbed overhead
Pacific Stock Exchange (PCX)