Financial intermediaries specialize in reducing costs by: a. Pooling the resources of small savers and lending them

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Financial intermediaries specialize in reducing costs by:

a. Pooling the resources of small savers and lending them to large borrowers.

b. Providing safekeeping, accounting services, and access to the payments system.

c. Providing liquidity services.

d. Providing the ability to diversify small investments.

e. Providing information services.

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Money Banking And Financial Markets

ISBN: 9781260226782

6th Edition

Authors: Stephen Cecchetti, Kermit Schoenholtz

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Question Posted: Mar 21, 2024 02:01 AM

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Financial intermediaries specialize in reducing costs by: a. Pooling the resources of small savers and lending them

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Money Banking And Financial Markets

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