An exporter approaches the Wholesale Banking department for a 'Pre-shipment Credit in Foreign Currency' (PCFC) of 1 Million USD. The bank charges an interest rate of SOFR + 2%. If the SOFR is 5% and the loan period is 180 days, calculate the total interest payable in USD. (Assume a 360-day year).

Which of the following reasons are generally put forward for regulating and controlling the activities of international banks? (A) They can fuel inflation by expanding the money supply through global credit creation. (B) Their failure can trigger systemic risks that severely harm depositors' interests. (C) They may cause unsustainable debt levels in borrowing nations by charging high interest rates. (D) They often circumvent or bypass the credit allocation and monetary policies of the host government. Choose the correct answer from the options given below: