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eurodollars to overtake certificates of deposit (CDs) issued by U.S. banks as the primary private short-term money market instruments by the 1980s, including:
* The successive balance of payments deficits of the United States, causing a net outflow of dollars;
* Regulation Q, the U.S. Federal Reserve's ceiling on interest payable on domestic deposits during the high inflation of the 1970s
* Eurodollar

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