Suppose the population of Area Y is relatively young and the population of Area O is relatively

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Suppose the population of Area Y is relatively young and the population of Area O is relatively old, but everything else about the two areas is the same.

a. Would interest rates likely be the same or different in the two areas? Explain.

b. Would a trend toward nationwide branching by banks and the development of nationwide diversified financial corporations affect your answer to Part a? Explain.

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