Question

What advantage do niche financial centers have over

Q: Answer-What advantage do niche financial centers have over larger centers?

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.

larger centers?

A They offer a wider range of services

B They have lower taxes and minimal regulation

C They have a competitive advantage in their respective areas of expertise

D They serve the needs of global rather than national economies

E None of the above

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What advantage do niche financial centers have over

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