In which area do households allocate the highest percentage of their portfolio to direct equity ownership?

The United States

Japan

The UK

The euro area

Large firms in Germany have a

board of directors.

supervisory board.

management board.

supervisory board and a management board.

What are some of the advantages of market-based systems?

		Successful in developing new industries, more effective in shrinking capital in declining industries, and more diverse as sources of corporate financing
		More effective in shrinking capital in declining industries, more reliant on transparent financial reporting, and more diverse as sources of corporate financing
		Successful in developing new industries, more reliant on transparent financial reporting, and more diverse as sources of corporate financing
		Successful in developing new industries, more effective in shrinking capital in declining industries, and more reliant on transparent financial reporting