Question
Which of the following cities is ranked as the No. 1
Global Financial Centre in the world as per the Global Financial Centres Index 32 released in September 2022?Solution
New York: New York is considered the leading global financial center. It is home to the New York Stock Exchange (NYSE) and NASDAQ, the two largest stock exchanges in the world. It is also home to many of the world's largest banks and investment firms. New York's dominance in the financial industry is due to its favorable business environment, skilled labor force, and world-class infrastructure. It is ranked as the No. 1 GFC in the world as per the Global Financial Centres Index 32 released in September 2022.
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