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    Question

    Which of the following is not an objective served by

    GFCs?
    A Attracting foreign investment Correct Answer Incorrect Answer
    B Supporting international trade Correct Answer Incorrect Answer
    C Setting local financial standards Correct Answer Incorrect Answer
    D Providing financial services Correct Answer Incorrect Answer
    E Driving economic growth Correct Answer Incorrect Answer

    Solution

    GFCs often set financial standards and regulations that influence the global financial system. They are home to some of the world's largest financial institutions, regulators, and standard-setting bodies, such as the International Monetary Fund (IMF) and the Bank for International Settlements (BIS). GFCs also play a significant role in shaping global financial policy and regulation.

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