Navigate through euro dollar scenarios and make critical decisions! Learn key concepts as you try to keep your money safe.
MONEY:$1,000
Scenario 1 of 12
What is a Euro Dollar?
You hear about "Euro Dollars" and think they're related to the Euro currency. A friend explains that Euro Dollars are actually US dollars held in banks outside the United States, particularly in Europe. The "Euro" refers to Europe, not the Euro currency.
Are Euro Dollars US dollars held outside the US?
Press Y for YES or N for NO