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GFCs play a crucial role in supporting international trade, providing a platform for the exchange of goods and services and facilitating cross-border financial transactions. GFCs often offer specialized financial services tailored to the needs of importers, exporters, and other international trade participants, such as trade finance, foreign exchange, and export credit insurance. GFCs offer a wide range of financial services, including investment banking, asset management, insurance, and trading. These services are essential for businesses, governments, and individuals seeking to raise capital, manage risk, and invest in the global economy. GFCs also provide specialized services tailored to specific regions or markets, such as Islamic finance in the Middle East or wealth management in Singapore. GFCs are significant contributors to global economic growth, creating jobs, generating tax revenue, and supporting investment and trade. They often serve as the primary engines of economic growth for their respective regions, attracting foreign investment and driving innovation and development.
Three people Manish, Nimrit, and Arjun invested in a business, the ratio of their investment is 4:3:6 and the ratio of their profit is 8:15:12 then, Wha...
A and B together start a business with investment of Rs. 2100 and Rs. (x + 800), respectively. If the profit earned after 5 years is Rs. 7000 and share ...
A and B entered into a business investing Rs. (x + 60) and Rs. (x – 55) respectively. After one year they invested Rs. 120 more and Rs. 150 more respe...
A, B and C hired a taxi for Rs. 650 and used it for 3, 4, 6 hours respectively. Hiring charges paid by B are:
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A and B started a business in partnership by investing the capital of Rs. 35000 and Rs. 40000 respectively. After six months, C also joined them with s...
Humpty opened a workshop investing Rs.80,000. He invested additional amount of Rs.10,000 every year. After two years his friend Bunty joined him with a...
P and Q together started a business with initial investment in the ratio of 1:13, respectively. The time-period of investment for P and Q is in the rati...
A, B, and C invest Rs 18,000, Rs 24,000, and Rs 30,000 respectively in a venture. The annual profit of Rs 36,000 is distributed such that C takes Rs 6,0...