Answer:
A choice for financial systems to be primarily funded through banks or stock markets best describes "Financial Intermediation." This term refers to the process through which funds are channeled from savers or investors to borrowers or businesses. In financial intermediation, financial institutions like banks play a central role in facilitating the flow of funds by accepting deposits from savers and providing loans or investments to borrowers. On the other hand, stock markets provide a platform for companies to raise capital by issuing shares of ownership to investors. The choice between banks and stock markets often depends on various factors, including economic conditions, regulatory environment, and the specific needs of the financial system.