What advantages do financial intermediaries have relative to small savers in dealing with the transactions costs involved
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What advantages do financial intermediaries have relative to small savers in dealing with the transactions costs involved in making loans? If we lived in a world in which everyone was perfectly honest, would the difference in transactions costs between financial intermediaries and small savers disappear? Briefly explain.
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Related Book For
Money Banking And The Financial System International Edition
ISBN: 978-1292000183
2nd Edition
Authors: R. Glenn Hubbard ,Anthony P Obrien
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