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Eurodollars refer to U.S. dollar deposits held at non-U.S. banks, a term that can be misleading. While it notably pertains to dollar deposits in European banks, it also encompasses those in Asian and other non-U.S. banks. The term originated post-World War II when U.S. dollars were increasingly used abroad to aid European recovery, particularly through the Marshall Plan, and from the trade of European exports to the U.S. This situation highlighted the existence of two U.S. dollar markets: the domestic market, regulated by the Federal Reserve and FDIC, and the Eurodollar market, which operates outside of U.S. regulations.