Offshore financial centers tend to be characterized by economic and political instability and poor telecommunications infrastructures.

Question

Quizplus · Accepted Answer

Offshore financial centers are actually known for their stable economies, favorable tax laws, and strong financial services industries. While there may be some countries that fit the description of economic and political instability and poor telecommunications infrastructures, this is not a characteristic of offshore financial centers as a whole.

Offshore Financial Centers Tend to Be Characterized by Economic and Political