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Financial intermediaries play an important role in the financial system. 1.List at least three benefits to the economy due to services provided by financial intermediaries?

Financial intermediaries play an important role in the financial system.

1.List at least three benefits to the economy due to services provided by financial intermediaries?

2.How do financial intermediaries INCREASE efficiency of financial markets?

3.How do conflicts of interest by financial intermediaries make financial markets LESS efficient? Provide an

examples.

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