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knoeller33 knoeller33
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A year ago
Financial intermediaries are often the "middlemen" between households and firms. As the middlemen,

▸ are the fundamental determinant of the supply of capital.

▸ they specialize in assessing the risk of various borrowers.

▸ are the fundamental determinant of the demand for capital.

▸ they are not essential for the workings of an economy.

▸ they reduce the amount of trade by charging high fees for their services.
Textbook 
Microeconomics

Microeconomics


Edition: 17th
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dhk72dhk72
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knoeller33 Author
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A year ago
Smart ... Thanks!
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this is exactly what I needed
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Thanks
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