Deposits in an International Banking Facility differ from domestic deposits in that:
A) The IBF is always owned by a foreign bank
B) The IBF is always owned by a domestic bank
C) Deposits in the IBF are not subject to U.S. reserve requirements
D) There is no difference. Both types of deposits are insured by the FDIC
E) Deposits in the IBF cannot be withdrawn on demand
Correct Answer:
Verified
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