Which one of the following terms best describes Eurodollars?

A. Dollar-denominated deposits only in European banks.

B. Dollar-denominated deposits at branches of foreign banks in the U.S.

C. Dollar-denominated deposits at foreign banks and branches of American banks outside the U.S.

D. Dollar-denominated deposits at American banks in the U.S.

E. Dollars that have been exchanged for European currency.