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Because New Yorkers work for banks and other financial institutions.
Drake Rodriguez
Wiki User
∙ 12y agoIt's called the financial capital of the world because, it has a lot of bulidings to do with financing, record deals, and everything. And there pretty much all city.
Wiki User
∙ 6y agoThe US Stock Exchange and many financial institutions are located in New York City, New York.
Wiki User
∙ 6y agoNew York City is home to the New York Stock Exchange and the major U.S. financial institutions.
Wiki User
∙ 12y agobusiness center of world
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What city is known as the Money Capital?
New York
Why is New York City a capital of New York?
New York City is not a capital of New York. U.S. states have only one capital, and the capital of New York State is Albany.
Is the city of New York the capital of New York.if no what is the capital of New York?
Albany is the capital city in New York.
Is the city of New York the capital of New York?
No, the capital of New York is Albany.
Is the city on New York the capital of New York?
No. The capital of New York is Albany
What the first Capital of the US?
The first capital of the U.S.A was Philadelphia. It was not New York. Plus New york was known as New Amsterdam, and it was the capital during the American Revolution, at which point we were not a unified country. Philadelphia was our capital when we announced our freedom from Britain becoming a country. Anybody who says New york was the first capital is absolutely wrong!
What is New York City known for?
It is the media and financial capital of the United States.
Why is new york well known?
because it is the finational and fashion capital of the world.
Is New York City the capital of New York state?
No. Currently the capital of New York State is Albany. From 1789-1797, during most of George Washington's presidency, New York City was the capital of the United States. That's why a statue of George Washington is still in downtown New York near the New York Stock Exchange. After 1795, Philadelphia became the capital of the United States during a part of Benjamin Franklin's time.
Is the city of the city of New York the capital of New York?
No. The capital of New York is Albany.
What is the capital of new youk city?
New York City is in New York. The capital of New York Is Albany.
New York is the capital of New York and New Jersey true or false?
False. Albany is the capital of New York; Trenton is the capital of New Jersey.
