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    Question

    How do GFCs contribute to global economic growth?

    A By generating tax revenue Correct Answer Incorrect Answer
    B By attracting foreign investment Correct Answer Incorrect Answer
    C By supporting innovation Correct Answer Incorrect Answer
    D By driving international trade Correct Answer Incorrect Answer
    E All of the above Correct Answer Incorrect Answer

    Solution

    Global financial centres are cities or regions that are the primary locations for financial activity in the world. They play a critical role in global economic growth and development, as they serve as hubs for capital, investment, and innovation. These centers are crucial to the global economy as they attract capital, facilitate investment, and enable businesses and individuals to access capital markets. The rise of global financial centers has been driven by factors such as globalization, technological advances, and the deregulation of financial markets.

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