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2. Would an increase in the value of the pound sterling affect Canadian businesses? If yes, briefly explain how (in not more than two sentences).
2. Would an increase in the value of the pound sterling affect Canadian businesses? If yes, briefly explain how (in not more than two sentences). [2 points] 3. Can you think of a reason why people in general do not lend money to one another? How would your answer explain the existence of financial intermediaries? Explain in not more than three sentences. [3 points]
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