What role do GFCs play in supporting international

trade?

A Providing specialized financial services tailored to importers Correct Answer Incorrect Answer

B Facilitating cross-border financial transactions Correct Answer Incorrect Answer

C Offering tax incentives to exporters Correct Answer Incorrect Answer

D Providing physical infrastructure for importers Correct Answer Incorrect Answer

E Both a & b Correct Answer Incorrect Answer

Solution

Supporting international trade - 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.

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