Answered

(IN UNITED STATES DOLLARS)
Institution
Location
Stock Value
Shanghai Stock Exchange
Shanghai, China
[tex]$4.0 trillion
Bombay Stock Exchange
Mumbai, India
$[/tex]2.1 trillion
National Stock Exchange of India
Mumbai, India
[tex]$2.0 trillion
Deutsche Börse
Frankfurt, Germany
$[/tex]1.8 trillion
B3 Stock Exchange
JSE Limited Stock Exchange
São Paulo, Brazil
Johannesburg, South Africa
[tex]$938 billion
$[/tex]894 billion
Source: World Federation of Exchanges
Which of the following best explains the importance of stock exchanges in the cities of Mumbai, India and Shanghai, China?
These cities have a large manufacturing labor force.
B
These cities function as global economic centers in the core.
These cities function as global economic centers in the semiperiphery.
D
These edge cities have a large number of high-technology companies.
These edge cities are built at the intersection of transportation routes.
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Answer :

GinnyAnswer

Final answer:

Stock exchanges are specialized markets facilitating stock trading globally, with Mumbai, India, and Shanghai, China playing pivotal roles. Major stock exchanges like NYSE and NASDAQ provide platforms for investors to trade shares.


Explanation:

Stock exchanges are specialized markets where shares of stock in large companies are traded among investors and entrepreneurs. They provide a platform for pooling savings from individuals to invest in business ventures.

Mumbai, India, and Shanghai, China function as global economic centers in the core, as evidenced by the significant stock values listed on their respective stock exchanges. These cities play crucial roles in the global economy.

Stock exchanges like the New York Stock Exchange (NYSE) and NASDAQ are essential in facilitating trading of stocks, allowing investors to buy and sell shares within a regulated market environment.


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