Can you think of a reason why people in general do not lend money to one another
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Can you think of a reason why people in general do not lend money to one another to buy a house or a car? How would your answer explain the existence of banks?
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In general people do not lend large amounts of mone...View the full answer
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Related Book For 
Economics of Money Banking and Financial Markets
ISBN: 978-0134733821
12th edition
Authors: Frederic S. Mishkin
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