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1 World of finance
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1. What are the economic functions financial intermediaries perform?
Financial intermediaries provide two important advantages to savers. First, intermediaries provide many loans, so the few that fall short do not impact as much as a the loss faced by an individual with few loans. They provide a platform to incur less risk to each individual. Another reason financial intermediaries reduce risk is that by making many loans, they learn how to better predict which of the people who want to borrow ...
Approximate word count: 1741
Approximate pages: 7 (250 words per
double-spaced page) |
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