2019
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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52
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68
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74
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88
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Detailed explanation-1: -The Swiss National Bank (SNB) conducts the country’s monetary policy as an independent central bank. It is obliged by Constitution and statute to act in accordance with the interests of the country as a whole. Its primary goal is to ensure price stability, while taking due account of economic developments.
Detailed explanation-2: -Why are the SNB’s shares listed on the Swiss stock exchange? SNB registered shares have been listed on the Swiss stock exchange since the central bank’s foundation in 1907, given the fact that they are so widely held by the public.
Detailed explanation-3: -Although it is derived from “Union Bank of Switzerland,” the name UBS is not an acronym. The bank is headquartered in Zürich and Basel, Switzerland. The Swiss Bank Corporation was founded in 1854 as the Basler Bank-Verein (Basel Bank Corporation) and became a joint-stock company in 1872.
Detailed explanation-4: -The main benefits of Swiss bank accounts include low levels of financial risk and high levels of privacy. Swiss law prevents the bank from disclosing any information regarding an account (even its existence) without the depositor’s permission, except in cases where severe criminal activity is suspected.