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    Question

    What is an example of a specialized financial service

    offered in the Middle East?
    A Wealth management Correct Answer Incorrect Answer
    B Islamic finance Correct Answer Incorrect Answer
    C Investment banking Correct Answer Incorrect Answer
    D Foreign exchange trading Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    Regional financial centers serve specific regional economies rather than just national economies. Examples include Singapore and Hong Kong for Asia, and Dubai for the Middle East. They are smaller than traditional centers but still play a significant role in the global financial system. They offer specialized financial services tailored to their respective regions, such as Islamic finance in the Middle East and wealth management in Singapore.

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