Question
Consider the following statements regarding the
financial center of Zurich: 1) Zurich is the largest city in Switzerland 2) It is a global hub for private banking. 3) Zurich is known for its highly skilled workforce and favorable tax environment. Which of the statements given above is/are correct?Solution
Zurich is the largest city in Switzerland and a global hub for private banking. Many of the world's largest banks and financial institutions have a presence in Zurich. Zurich is also known for its highly skilled workforce and favorable tax environment, which have contributed to its success as a financial center. Therefore, both statements 1 and 2 are correct.
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