EUR

Euro (replacement name for the ECU) now used in Austria, Belgium, Finland, France, Germany, Greece, Ireland, Italy , Luxembourg, Netherlands, Portugal, Spain. Also Andorra , Monaco, Holy See, San Marino and various French dependencies such as French Guiana, French Southern and Antarctic Territories, Guadeloupe, Martinique, Mayotte, Metropolitan France, Réunion and St Pierre and Miquelon.

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Eurobond
An international bond sold primarily in countries other than the country in whose currency the issue is denominated

European Central Bank (ECB)
The Central Bank for the new European Monetary Union.

Eurodollar demand deposit
Eurodollar demand deposit accounts are not often used or available, as the balances of such accounts would be volatile and the transaction costs incurred in such a service would reduce the overall efficiency and competitiveness of the eurodollar market. It is the latter factor that stimulates interest-rate-conscious corporate treasures and investment agencies to make eurodollar time deposits with banks in offshore centres.

European Union (EU)
The European Union (EU) is a union of twenty-five independent states based on the European Communities and founded to enhance political, economic and social co-operation. The union was formerly known as the European Community (EC) and European Economic Community (EEC).

The common currency in the EU is the euro (EUR. Still, some countries have chosen to stay outside the European Monetary Union.

At the moment, the 25 member states are:
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Preferred stock

A security that shows ownership in a corporation and gives the holder a claim, prior to the claim of common stockholders, on earnings and also generally on assets in the event of liquidation. Most preferred stock pays a fixed dividend that is paid prior to the common stock dividend, stated in a dollar amount or as a percentage of par value. This stock does not usually carry voting rights. The s ...


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