6 Which of the following statements is false?

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a. The FDIC does not permit banks to fail for fear of causing a bank panic.

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b. Almost all states permit entry to banks located out of state.

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c. A Eurodollar is a dollar-denominated deposit outside the U.S. banking industry.

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d. International banking facilities are not subject to the same reserve requirements as domestic banks.

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e. International banking facilities are not physical entities.