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Switzerland's Industrialized Economy
Part 1 of Paper
....ving. It is a major financial center of the world, and is known for it’s stable Swiss banks. Switzerland is known for it’s traditional secrecy regarding banking transactions. The Zurich Stock Exchange is one of the most important in Europe, and the country of Zurich is a major trade center for gold.
Leading ind.... Part 2 of Paper
....ystem by a tax called Value Added Tax. The Swiss currency is called the Swiss Franc, and 1.5 francs equal one U.S. dollar.
The new common currency adopted early this year called the Euro, was rejected by Switzerland, although eleven nations participated. Therefore, Switzerland preserves its’ monetary autonomy. The lack of participation has both advantages and disadvantages. An advantage is that the Swiss National Bank still maintains control of monetary policy, and a disadvantage is its trade.... |
| Number of words: 639 - Approximate pages: 3 |
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