Which of These Is a Country or Territory Whose Financial

question 4

Multiple Choice

Which of these is a country or territory whose financial sector features very few regulations and few,if any,taxes?

• A)Offshore financial centre
• B)Currency market centre
• C)Capital market centre
• D)World trade centre

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Definitions:

Shed

A small building, typically made of wood or metal, used for storage or as a workshop, commonly found in gardens or backyards.

Sub-Bailment

A situation where a bailee (person who receives property) further entrusts the bailed property to another person, under a sub-bailment contract.

Original Bailor

The person who initially entrusts their property to another (the bailee) under an agreement for the property's temporary care or possession.

Gratuitous Bailment

An arrangement where personal property is temporarily transferred from one party to another without the expectation of payment, based on trust.