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1.(30 points) a. Explain what is meant by the term intermediation. b. Identify the four types of intermediation that occur in financial institutions. c. For

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1.(30 points) a. Explain what is meant by the term "intermediation". b. Identify the four types of intermediation that occur in financial institutions. c. For one of the types of intermediation identified above, give an example of two securities, one issued by a financial institution and another held as an asset by the same financial institution, that provide that type of intermediation

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