What Is A Eurodollar And Why Is It SO Important?

A dollar outside the US is called a euro dollar. Many people borrow in dollars outside the US because it's in high demand and the US is wealthy. This created the eurodollar market which is bigger than the US dollar market. It's important because it creates a demand for the US dollar, giving it an advantage over other currencies.

Watch more of this short video from Is The US Dollar REALLY In Danger? Maybe Not | Brent Johnson.

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