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    Question

    Which region poses significant competition to

    GFCs?
    A Europe Correct Answer Incorrect Answer
    B North America Correct Answer Incorrect Answer
    C Asia and the Middle East Correct Answer Incorrect Answer
    D Africa Correct Answer Incorrect Answer
    E Australia Correct Answer Incorrect Answer

    Solution

    GFCs face increasing competition from emerging financial centers, particularly in Asia and the Middle East. These centers are rapidly developing their financial industries and attracting investment and talent. GFCs may struggle to maintain their competitive edge in the face of this competition, particularly as emerging centers become more established and gain greater market share.

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