The United States is considered to have a market-based financial system because
A) stock market capitalization, as a percentage of GDP, is relatively high.
B) bank loans, as a percentage of GDP, are relatively low.
C) bank loans, as a percentage of GDP, are relatively low, and the United States has thousands of banks and insurance companies.
D) stock market capitalization, as a percentage of GDP, is relatively high and bank loans, as a percentage of GDP, are relatively low.
Correct Answer:
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