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    Question

    What advantage do niche financial centers have over

    larger centers?
    A They offer a wider range of services Correct Answer Incorrect Answer
    B They have lower taxes and minimal regulation Correct Answer Incorrect Answer
    C They have a competitive advantage in their respective areas of expertise Correct Answer Incorrect Answer
    D They serve the needs of global rather than national economies Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    Niche financial centers focus on specific financial activities, such as commodity trading, foreign exchange, or insurance. Examples include Zurich for insurance and Geneva for wealth management. These centers offer specialized services and expertise in their respective areas and often have a competitive advantage over larger centers that offer a more diverse range of services.  

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