Ethnicity vs Race. Very few of us accurately describe the difference between ethnicity and race, simply because we tend to lump them into the same definition. While the dictionary can represent each of these words to be highly similar, there are differences.Ethnicity is not just a personâs race.We can say that a Caucasian is white, but that doesnât describe his ethnicity. If we lined up a Caucasian from Ireland, Israel and Canada in a photograph, it would be difficult to discern from which country each person originates.thnicity is not just a personâs race. We can say that a Caucasian is white, but that doesnât describe his ethnicity. If we lined up a Caucasian from Ireland, Israel and Canada in a photograph, it would be difficult to discern from which country each person originates.
International Monetary Fund-a United Nations agency to promote trade by increasing the exchange stability of the major currencies.
DEFINITION of 'International Banking Facility-IBF'. A facility that allows depository institutions in the United States to offer deposit and loan services to foreign residents and institutions, while being exempted from reserve requirements imposed by the Federal Reserve and some state and local income taxes.hile banks are permitted to conduct IBF activities from their existing offices, they are required to maintain separate books for their IBF business. The Federal Reserve Board of Governors approved the establishment of IBFs in the early 1980s.