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a) How do financial institutions reduce monitoring costs associated with the flow of funds from fund suppliers to fund investors? [10 marks] b) Please explain

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a) How do financial institutions reduce monitoring costs associated with the flow of funds from fund suppliers to fund investors? [10 marks] b) Please explain the four main functions of the financial system. [10 marks] c) How would economic transactions between suppliers of funds (e.g., households) and users of funds (e.g., corporations) occur in a world without financial institutions

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