Question: Why would a world limited to the direct transfer of funds from suppliers of funds to users of funds likely result in quite low levels
Why would a world limited to the direct transfer of funds from suppliers of funds to users of funds likely result in quite low levels of fund flows?
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In this economy without FIs the amount of funds flowing between fund suppliers and fund users through financial markets would likely to be quite low for several reasons First once they have lent money ... View full answer
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