Which of the Following Is a Country in Which Banks

question 89

Multiple Choice

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

• A) United States
• B) Britain
• C) Philippines
• D) Switzerland

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Definitions:

Capital Formation

The process of building up the capital stock of a country through investing in productive plants and equipment.

Rate of Savings

The proportion of disposable income that is saved rather than spent on goods and services.

Hours Worked

The total number of hours spent by employees performing tasks as part of their employment.

Decreased

Decreased indicates a reduction in size, quantity, quality, or intensity of a specific variable or condition.