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The City of London and its role as a financial centre. he cit y of London and its role as a financial center Chapter 1. Introduction. The Concept of the City of London. Britain is a major financial centre providing a wide range of specialised services. The country’s economy has for a long time been directed through the great financial institutions which together are known as “The City”, capital “C”, and which are mainly located in the famous “Square Mile” of the City of London.

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