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    Question

    Which of the following is not a role of

    GFCs?
    A Providing specialized financial services Correct Answer Incorrect Answer
    B Setting financial standards and regulations Correct Answer Incorrect Answer
    C Boosting domestic investment Correct Answer Incorrect Answer
    D Supporting innovation Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    GFCs also play a crucial role in attracting foreign investment, both direct investment and portfolio investment. This investment can help to drive economic growth and development, create jobs, and support innovation and entrepreneurship. GFCs often offer a range of financial incentives and infrastructure to attract foreign investment, such as tax breaks, business-friendly regulations, and high-quality physical and digital infrastructure.

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