National Wood Products Co. (NWP) is a U.S. multinational firm that conducts business and holds funds...
National Wood Products Co. (NWP) is a U.S. multinational firm that conducts business and holds funds throughout Europe and Asia. To support its Asian operations, Marshall has deposited several million U.S. dollars in a Tokyo bank. This is an example of:
A money market mutual fund
A Eurodollar deposit
A banker’s acceptance
A commercial paper
A certificate of deposit
Homework Answers
The correct answer is: A Eurodollar deposit.
NWP has U.S. dollar-denominated deposits at a foreign bank. This is precisely the definition of a Eurodollar.
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National Wood Products Co. (NWP) is a U.S. multinational firm
that conducts business and holds funds...
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