Which of the following statements applies to international banking facilities (IBFs) ?
A) IBFs are subject to U.S.interest rate regulations.
B) IBFs are located all over the world.
C) IBFs do not require FDIC deposit insurance.
D) IBFs offer a higher interest rate spread than normal U.S.banks.
E) IBFs allow European residents to participate in the American stock exchanges.
Correct Answer:
Verified
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