5 Which of the following statements is true?

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a. The laws regulating international banks typically are very restrictive whereas domestic banks go relatively unregulated.

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b. Offshore banking, called the Eurocurrency market, refers to international banking transactions among the seven Western European industrial powers.

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c. Offshore banks are typically able to offer better terms to their customers than domestic banks.

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d. Most ATM transactions occur at banks that are not the customer’s own bank.
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e. U.S. banks that participate in international banking on U.S. soil are subject to the same regulations as domestic banks.