Which of the Following Is True for Offshore Financial Centers

question 98

Multiple Choice

Which of the following is true for offshore financial centers?

• A)They are developed countries who offer tax-free financial help to developing countries.
• B)They are countries where there are few rules governing the financial sector as a whole and low overall taxes.
• C)They are central points for business and finance and are usually home to major corporations and banks or at least regional headquarters for global firms.
• D)They are countries which serve as the local headquarters for the International Monetary Fund and the World Bank.
• E)They are islands which serve as the annual destinations for the financial meets of the G20 group.

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