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Distinguish between adverse selection and moral hazard. What are economies of scale in financial transactions? How can financial intermediaries achieve these economies? Explain how the
Distinguish between adverse selection and moral hazard.
What are economies of scale in financial transactions? How can financial intermediaries achieve these economies?
Explain how the "lemons" problem could cause financial markets to fail.
What issues do critics cite when discussing why Sarbanes-Oxley has led to a decline in U.S. capital markets?
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