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Question

What do niche financial centers focus on?

A Providing a wide range of financial services Correct Answer Incorrect Answer
B Offering tax and regulatory advantages to businesses and individuals Correct Answer Incorrect Answer
C Specific financial activities Correct Answer Incorrect Answer
D Catering mainly to the needs of their national economies Correct Answer Incorrect Answer
E Providing financial services to a particular sector alone Correct Answer Incorrect Answer

Solution

Niche financial centers focus on specific financial activities, such as commodity trading, foreign exchange, or insurance. Examples include Zurich for insurance and Geneva for wealth management. These centers offer specialized services and expertise in their respective areas and often have a competitive advantage over larger centers that offer a more diverse range of services.

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