Question
Which of the following financial centers provide
international financial services mainly to their national economies?Solution
Non-global and non-regional, ordinary international FCs - These are centres like Paris, Frankfurt, Tokyo and Sydney that provide a wide range of international financial services but cater mainly to the needs of their national economies rather than their regions or the world. Mumbai, in India, is also one such financial centre. They may be understood as national financial centres providing facilitating international financial services as required.
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