Posted on November 5th, 2013
Defined: U.S.-dollar denominated deposits at foreign banks or foreign branches of American banks. By locating outside of the United States, Eeurodollars escape regulation by the Federal Reserve Board.
Despite the name, Eurodollars do not have to be in Europe, and they are priced in U.S. dollars.
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The Dow Jones Industrial Average is an unmanaged, price-weighted index of 30 large capitalization stocks with dividends reinvested.
The Standard & Poor’s 500 Index (“S&P 500”) is an unmanaged, market capitalization weighted index of 500 widely held stocks, with dividends reinvested, and is often used as a proxy for the stock market.
The Nasdaq Composite is an unmanaged, market capitalization weighted index of stocks listed on the Nasdaq Stock Exchange, and are reported as price return without reinvestment of dividends.
Indexes are often used as a proxy for the stock market and cannot be invested in directly.