Question: QUESTION 1 Financial intermediation in NZ has been dominated by the banks a. What is financial intermediation? (5 marks) b. What factors have led to

QUESTION 1 Financial intermediation in NZ has been dominated by the

QUESTION 1 Financial intermediation in NZ has been dominated by the banks a. What is financial intermediation? (5 marks) b. What factors have led to the dominance of the banks? (10 marks) c. What factors may reduce the banks' dominance in the future? (10 marks)

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