The two major types of financial systems are the __________-oriented systems.
A) federal- and local
B) banking- and markets
C) securities- and equities
D) contributor- and stockholder

Question

Quizplus · Accepted Answer

The two major types of financial systems are banking-oriented systems and market-oriented systems. Banking-oriented systems rely heavily on banks to provide financing, while market-oriented systems rely on securities markets and other financial markets to provide financing. The other choices are not accurate descriptions of the major types of financial systems.

The Two Major Types of Financial Systems Are the __________-Oriented