How can economies of scale help explain the existence of financial intermediaries?

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Economics of Money, Banking and Financial Markets

ISBN: 978-0321598905

9th Edition

Authors: Frederic S. Mishkin

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Question Posted: Aug 12, 2012 04:17 AM

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How can economies of scale help explain the existence of financial intermediaries?

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Financial intermediaries can take advantage of economies of scale and thus lower transactions co...View the full answer

Economics of Money, Banking and Financial Markets

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