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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Definitions:

Mendel

Gregor Mendel, an Augustinian monk and scientist, is known as the father of genetics for his work on pea plant inheritance.

Genes

Units of heredity made up of DNA that determine specific traits by encoding proteins.

Endocrine Glands

Glands of the endocrine system that secrete hormones directly into the bloodstream to regulate body processes.

Hormones

Chemical messengers produced by the endocrine glands that regulate various bodily functions by acting on specific target organs.