The financial systems of __________ have major firms working all their external financing through a single bank.
A) Japan and the United Kingdom
B) the United States and the United Kingdom
C) Germany and the United Kingdom
D) Japan and Germany

Question

Quizplus · Accepted Answer

This is known as the "main bank" system and is a characteristic of the financial systems in Japan and Germany. In this system, major firms work closely with a single bank for all their external financing needs. The United Kingdom and the United States do not have this system.

The Financial Systems of __________ Have Major Firms Working All