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How is the shadow banking system the same as the traditional banking system? The complete credit intermediation is performed through a series of steps involving
How is the shadow banking system the same as the traditional banking system?
The complete credit intermediation is performed through a series of steps involving many nonbank financial service firms. | ||
It intermediates the flow of funds between net savers and net borrowers. | ||
It serves as a middle man. | ||
The complete credit intermediation is performed by a single bank. |
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