Question: In response to a question regarding shadow banking, Moonn made the following statement: A shadow bank is a nonfinancial service firms that perform banking services.

In response to a question regarding shadow banking, Moonn made the following statement: A shadow bank is a nonfinancial service firms that perform banking services. Like the traditional banking system, at shadow banking systems complete credit intermediation is performed by a single bank. Briefly discuss if you agree with Moonn.

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