The attraction of the outsourced "offshore banking" industry can best be explained by

A) bank secrecy laws and the avoidance of paying taxes in other countries.
B) low wages, bank secrecy laws, and the avoidance of paying taxes in other countries.
C) the wide use of English and the large number of working students in the Cayman Islands.
D) the avoidance of paying taxes in other countries and the hiding of prostitution and capital crimes.
E) corporate greed and the hiding of unethical and illegal behaviors, including prostitution.


Answer: A

Environmental & Atmospheric Sciences

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