In a laissez-faire economy, an efficient financial intermediation system mobilises and allocates scarce resources towards activities that
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"In a laissez-faire economy, an efficient financial intermediation system mobilises and allocates scarce resources towards activities that would optimise the rates of return. On this basis, the commercially-driven and profit-maximising banking institutions would often tend to take a short-term view and consider solely the private benefit of a project, at the expense of the potential long-term social benefit that could be derived from financing a particular project." b) Examine the two major DFIs that are instrumental towards the development and growth of the Small Medium Enterprises (SMEs) in Malaysia. (8 marks)
Related Book For
Statistics For Business And Economics
ISBN: 9780132745659
8th Edition
Authors: Paul Newbold, William Carlson, Betty Thorne
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