Which of the following is a place of off-shore banking?
A
Germany
B
Cayman Islands
C
India
D
Israel
Correct Answer: Cayman Islands
People who bank offshore do so in a part of the world outside their home country. As such, the term offshore banking is generally used to describe international banks, companies, and investments. Some places have become well - known areas of offshore banking including Switzerland, Bermuda, or the Cayman Islands.