Why do banks and other financial intermediaries exist in modern society, according to the theory of finance?

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Bank Management and Financial Services

ISBN: 978-0078034671

9th edition

Authors: Peter Rose, Sylvia Hudgins

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Question Posted: Oct 31, 2014 09:53 AM

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Why do banks and other financial intermediaries exist in modern society, according to the theory of finance?

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The traditional view of banks as financial intermediaries sees them as simultaneously fulfilling th...View the full answer

Bank Management and Financial Services

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