The net deposits of the eurodollar market

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Reference no: EM131561754

Standard Oil, a U.S. firm, withdraws $100 million from Bank of America in New York and deposits $100 million with Eurobank X in the Bahamas. Then, Eurobank X deposits $100 million in Eurobank Y in Switzerland. A Swiss Chocolate, Inc. borrows $100 million from Eurobank Y to finance a new plant construction.

At the end of these transactions, what would be, respectively, the gross deposits AND the net deposits of the Eurodollar market.

Reference no: EM131561754

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