________ is(are)department(s)of U.S.banks that are permitted to engage in Eurocurrency banking.

Question

Quizplus · Accepted Answer

International Banking Facilities (IBFs) are the departments of US banks that are permitted to engage in Eurocurrency banking. Eurobanks are banks located outside the European Union that accept deposits and make loans in currencies other than the local currency. The Paris Club is an informal group of creditor countries that seeks to find coordinated and sustainable solutions to the payment difficulties experienced by debtor countries. Therefore, choice C is the correct answer.

________ Is(are)department(s)of U