Alan works as a loan officer for a major U.S. commercial bank, specializing in international loans. When considering loans to governments and businesses in other nations, Alan:
A) must be aware of federal limits on the total amount of U.S. funds his bank can lend to foreign borrowers.
B) can only make loans if his bank has funds in excess of those sought by American firms.
C) is likely to approve loans to foreign borrowers if the return is high enough to justify the risk.
D) must be careful to get approval from the International Monetary Fund.
Correct Answer:
Verified
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