Development of the Eurocurrency Market A Eurocurrency is any currency that is banked outside of its country of origin.
A) This includes the Eurodollar, Euro-yen and the Euro-pound.
B) A Eurocurrency can be created anywhere in the world, the euro-prefix simply reflects the European origin of the market.
C) It originated in the mid-1950s when eastern Europeans were hesitant to deposit their money in the United States because they were concerned it would be seized to settle losses resulting from the Communist take over.
D) The market continued to grow because it provided real financial advantages.
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