These conditions led to the establishment of international finance centers:

Question

Quizplus · Accepted Answer

The establishment of international finance centers was primarily driven by the conditions of floating exchange rates and growth in the FX markets. The increase in cross-border trade and investment led to a greater demand for foreign currencies, which in turn created opportunities for financial institutions to offer services facilitating the exchange of these currencies. As a result, international finance centers emerged in major cities such as London and New York to serve as hubs for FX trading and related financial services. The other options listed (A, B, and D) are not directly related to the establishment of international finance centers.

These Conditions Led to the Establishment of International Finance Centers