Suppose financial intermediaries did not exist and only direct finance were possible. How would this affect the

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Suppose financial intermediaries did not exist and only direct finance were possible. How would this affect the process of an individual buying a car or a house?

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Money, Banking, and the Financial System

ISBN: 978-0134524061

3rd edition

Authors: R. Glenn Hubbard, Anthony Patrick O'Brien

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Question Posted: Dec 31, 2018 11:45 AM

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Suppose financial intermediaries did not exist and only direct finance were possible. How would this affect the

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Direct finance would make the process of an individual buying a car or a house much more difficul...View the full answer

Money, Banking, and the Financial System

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