Question: Why are bank failures considered extraordinary compared to the failure of businesses in other sectors of the economy? Explain what is meant by the term

Why are bank failures considered extraordinary compared to the failure of businesses in other sectors of the economy? Explain what is meant by the term indirect financing and how it is related to financial intermediation. Explain the fraud triangle and how it relates to financial services. Why are bank failures considered extraordinary compared to the failure of businesses in other sectors of the economy? Explain what is meant by the term indirect financing and how it is related to financial intermediation. Explain the fraud triangle and how it relates to financial services

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