Text Vol 5 P.299. Problem # 8 (Reading 41)

Dear all, In problem #8, 6.00% (for US) and 0.80% (for Japan) of one-year Eurocurrency rates are provided. What is the “Eurocurrency rates” here ? Why it is not that interset rate in US and interset rate in Japan are provided ? Please kindly advise ! TKVM in advance !

i guess they call every thing outside USD quoted in terms of USD as eurodollar or eurocurrency hence japan rate for purpose of comaprion here is called euro currency… i dont whether i am 100% right

I have looked at the problem and I have no idea what they mean by eurocurrency.

For 2011, it’s Vol 5 P-325, Problem # 8 (Reading 40)