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Briefly Summarize Carolina Power & Light Energy could not raise capital, so Raleigh's citizens would have no electricity; the Johnson family would not have adequate
Briefly Summarize Carolina Power & Light Energy could not raise capital, so Raleigh's citizens would have no electricity; the Johnson family would not have adequate housing; Carol Hawk would have no place to invest her savings; and so forth. Obviously, the level of employment and productivity (i.e., the standard of living) would be much lower. Therefore, it is essential that financial markets function efficientlynot only quickly, but also inexpensively
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