Which of the following is a country in which banks emerged as the main providers of capital to enterprises?

Question

Quizplus · Accepted Answer

In Germany and Switzerland the banks emerged as the main providers of capital to enterprises. Bank officers often sat on the boards of these companies and were privy to detailed information about their operations and financial position. As a consequence, there were fewer demands for detailed accounting disclosures, and public accounts tended to reveal less information.

Which of the Following Is a Country in Which Banks