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Which of the following statement is TRUE? a. FRAs refer to floating rate agreements in which central banks commit to a floating exchange rate arrangement.

Which of the following statement is TRUE?

a. FRAs refer to floating rate agreements in which central banks commit to a floating exchange rate arrangement.

b. Eurobonds are those that are issued in euros and sold in the Eurozone.

c. While Yankee bonds refer to bonds issued by foreign companies in the United States, bonds issues by American companies in the Eurozone are called reverse Yankees.

d. IBF stands for international banking facilities that allow U.S. residents deposits of currencies other than the U.S. dollar in domestic banks in the United States.

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