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Switzerland's Industrialized Economy
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Switzerland’s has a developed industrialized economy, and has one of the highest standards of living. 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 .... Middle of paper
.... rejected a government sponsored tax which would have modernized Switzerland’s tax system 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 a ....
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Number of words: 639
Number of pages: 3 (approx. 250 words per double-spaced page)
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