• A short-term fixed rate time deposit denominated in a currency other than the local currency (i.e. US$ deposited in a London bank).
• Deposits made in a bank or bank branch that is not located in the country in whose currency the deposit is denominated. Dollars deposited in a London bank are Eurodollars; German marks deposited there are Euromarks.
Practical Advice for Everyone on How to Save and Manage Money: No matter how old or young you are, there are some basic things you can do to better manage and protect your money. Here are recommendations from FDIC Consumer News. More...
If you are all wrapped up in yourself, you are overdressed - Kate Halverson