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    Question

    Which of the following best describes a Global Financial

    Centre ?
    A A city where only the central bank operates Correct Answer Incorrect Answer
    B A regional market for agricultural commodities Correct Answer Incorrect Answer
    C A hub that provides international financial services and facilitates global capital flow Correct Answer Incorrect Answer
    D A domestic centre for local small-scale industries Correct Answer Incorrect Answer
    E A place that only offers foreign exchange services Correct Answer Incorrect Answer

    Solution

    A Global Financial Centre is a city or region that serves as a major hub for banking, insurance, investment, and other financial services catering to international clients . Examples include New York, London, Singapore, and Hong Kong . These centres play a vital role in mobilizing and allocating global capital efficiently .

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