Which of the Following Is True for World Financial Centers

question 56

Multiple Choice

Which of the following is true for world financial centers?

• A)They are developed countries who offer tax-free financial help to the developing countries.
• B)They are countries or territories 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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Definitions:

Disinflation

A reduction in the rate of inflation; a slowdown in the rate at which prices increase.

1960s

A decade of significant cultural, political, and technological change, marked by movements for civil rights, space exploration, and the emergence of counterculture.

1970s

A decade characterized by various global events, including economic changes, political realignments, and significant cultural evolution.

1980s

A decade marked by significant cultural, political, and technological changes around the world, including the end of the Cold War and the beginning of the personal computing revolution.