6. Because diversification is a desirable strategy for avoiding risk, it never makes sense for a financial

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6. "Because diversification is a desirable strategy for avoiding risk, it never makes sense for a financial institution to specialize in making specific types of loans." Is this statement true, false, or uncertain? Explain your answer.

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Financial Markets and Institutions

ISBN: 978-0321280299

5th edition

Authors: Frederic S. Mishkin, Stanley G. Eakins

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