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Discuss what are offshore financial centres and its characteristics. Explain the advantages and the disadvantages of this banking system. Allocation of Marks: 7 marks discussion

Discuss what are offshore financial centres and its characteristics. Explain the advantages and the disadvantages of this banking system.

Allocation of Marks:

7 marks discussion on offshore financial centres

3 marks discussion on characteristics

4 marks listing the advantages of financial centres

7 marks discussion on advantages of offshore banking

4 marks discussion on disadvantages of offshore banking

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