Which statement about Eurodollar is not correct? The market is essential since many foreign contracts call for payment is U.S. dollars due to the stability of the dollir, relative to other currencies. It's an extremely competitive market. As a result, the rate paid on Eurodollar CD is generally lower than that paid on US. domiciled CDS. Eurodollar deposits are free of most regulatory burdens imposed by U.S. authorities. Banks intend to do Eurodollar business can easily set up in locations where tax rates are low. The term" "Eurodollar market" is something of a misnomer because the market has no true physical location. Rather, the Eurodollar market is slimily a market in which dollars held outside