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Explain how funds flow from lenders to borrowers by using the diagram below for 20 marks? DIRECT FINANCE Financial markets FUNDS FUNDS Money market .
Explain how funds flow from lenders to borrowers by using the diagram below for 20 marks?
DIRECT FINANCE Financial markets FUNDS FUNDS Money market . Capital market Lenders / net savers Borrowers / net spenders FUNDS Households Firms . Government Non-residents Households Firms . Government Non-residents Financial intermediaries FUNDS FUNDS Credit institutions Other monetary financial institutions Other INDIRECT FINANCE
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