International banking facilities (IBFs):

Question

Quizplus · Accepted Answer

Option A is correct because IBFs can only offer transaction accounts to other banks, not to non-bank customers. Option B is incorrect as IBFs do not come under the jurisdiction of the Federal Reserve, and hence there are no reserve requirements. Option C is correct as IBFs are not subject to FDIC insurance premiums, and Eurodollar deposits are not insured by the FDIC. Therefore, options A and C are correct, and option E is the best answer.

International Banking Facilities (IBFs)