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Financial intermediaries such as Commercial Banks perform an important role in the efficient flow of funds in the economy. a. Describe how this is accomplished

Financial intermediaries such as Commercial Banks perform an important role in the efficient flow of funds in the economy.

a. Describe how this is accomplished through their role in intermediation.

b. Describe how the Commercial Bank is an asset transformer; that is how their assets assume different characteristics from the liabilities that fund them.

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