Question: . From our reading of the chapter WHY DO FINANCIAL INSTITUTIONS EXIST?: Data suggest that banks and other financial institutions/intermediaries in developed countries have more

. From our reading of the chapter WHY DO FINANCIAL INSTITUTIONS EXIST?: Data suggest that banks and other financial institutions/intermediaries in developed countries have more important role than marketable securities (stocks, bonds, commercial papers, etc.) in financing business activities. What about in Bangladesh and other emerging/developing countries? Why are Financial Institutions so important? Discuss in light of the major concepts / explanations mentioned in this chapter.

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