The Following Is True for Offshore Banks Except

The following is true for offshore banks except

A) they are usually located in what are termed "tax-haven countries."
B) allow banks to temporarily park their cash overseas before making disbursements globally
C) multinationals prefer to use offshore banks to deposit money for the short term
D) U.S. banks are not allowed to create offshore banks in the United States
E) offshore banks are able to offer higher deposit rates