Switzerland
from class: Principles of Finance Definition Switzerland is a highly developed, landlocked country in Central Europe known for its stable economy and financial sector. It has a robust banking system and is often considered a global hub for finance and investment management.
congrats on reading the definition of Switzerland . now let's actually learn it.
Predict what's on your test 5 Must Know Facts For Your Next Test Switzerland's currency, the Swiss Franc (CHF), is considered one of the world's most stable currencies. The Swiss National Bank (SNB) plays a crucial role in maintaining monetary stability and setting interest rates. Switzerland has a high level of economic data transparency, which supports its robust financial markets. Due to its political neutrality, Switzerland attracts significant foreign investment and capital flows. The country has some of the highest GDP per capita figures globally, reflecting its strong economic foundation. Review Questions What role does the Swiss National Bank play in Switzerland's financial system? Why is the Swiss Franc considered one of the most stable currencies in the world? How does Switzerland's political neutrality impact its economy? "Switzerland" also found in:
© 2024 Fiveable Inc. All rights reserved. AP® and SAT® are trademarks registered by the College Board, which is not affiliated with, and does not endorse this website.