Question

What is the role of regional financial centers in the

Q: Answer-What is the role of regional financial centers in the global financial system?

Regional financial centers serve specific regional economies rather than just national economies. Examples include Singapore and Hong Kong for Asia, and Dubai for the Middle East. They are smaller than traditional centers but still play a significant role in the global financial system. They offer specialized financial services tailored to their respective regions, such as Islamic finance in the Middle East and wealth management in Singapore.

global financial system?

A They do not play a significant role in the global financial system.

B They serve as intermediaries between national and global financial systems.

C They provide financial services exclusively to their respective regions.

D They compete with traditional financial centers for global market share.

E None of the above

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What is the role of regional financial centers in the

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