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Financial intermediaries pool the resources of many small savers so that they can: charge fees to these small savers and earn substantial income. obtain the

Financial intermediaries pool the resources of many small savers so that they can: charge fees to these small savers and earn substantial income. obtain the funds necessary to make loans to borrowers seeking large amounts. lower their transaction costs of obtaining funds. avoid paying any interest to obtain funds to lend

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College Mathematics for Business Economics Life Sciences and Social Sciences

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