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.
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international trade deficit
eurocommercial paper
Ted spread
London Interbank Offered Rate
money supply
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Federal Open Market Committee (FOMC)
government controlled
portable pension
undistributable profit