1. Why and how do transaction costs in financial markets necessarily give rise to Financial Intermediaries? Explain....
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1. Why and how do transaction costs in financial markets necessarily give rise to Financial Intermediaries? Explain.
2. What is the Lemons problem? Discuss 2 ways that the problem can be reduced.
Expert Answer:
1 Transaction costs in financial markets such as brokerage fees taxes and search costs create barriers for individual investors to directly participat... View the full answer
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