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An International Banking Facility (IBF) Is a Division of a U.S

Question 107

True/False
An International banking facility (IBF) is a division of a U.S. bank that is allowed to receive deposits from and make loans to nonresidents of the United States without the restrictions that apply to domestic U.S. banks.

An International banking facility (IBF) is a division of a U.S. bank that is allowed to receive deposits from and make loans to nonresidents of the United States without the restrictions that apply to domestic U.S. banks.

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