Switzerland - The Land of the Rich & Home of the Bank?: Economic Philosophy Of Switzerland

What makes Switzerland an attractive location for the world's elite?

• Its natural resources

• Its tropical climate

• Its large population

• Its favorable privacy and taxation laws

What is considered Switzerland's main economic asset?

• Oil reserves

• Manufacturing capabilities

• Confidence

• Large domestic market

Why do people have confidence in Switzerland's economy?

• Due to its large natural resources

• Because of its political stability and neutrality

• Because of its high population

• Due to its tropical climate

What has limited the activity of storing ill-gotten gains in Swiss banks?

• Increased background checks since the early 90s

• Higher interest rates

• Lack of privacy laws

• Decreased global demand for banking services

Why are Swiss banks popular despite negative interest rates?

• They provide free banking services

• They offer high returns on investments

• They are seen as the ultimate safe zone for cash

• They have no regulations

Apart from banking, in which industry does confidence play a key role in Switzerland?

• Agriculture

• Tourism

• Textile industry

• Automobile manufacturing

Why is Switzerland a leader in high-end watch manufacturing?

• Due to its large workforce

• Because of its natural resources

• Because people have confidence in Swiss products

• Due to its tropical climate