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One possible reason for slower growth in developing and transition countries is A. capital can be directed to its most productive use. B. strict accounting
One possible reason for slower growth in developing and transition countries is
A. capital can be directed to its most productive use.
B. strict accounting standards are too stringent for the banks to meet.
C. the severity of adverse selection and moral hazard problems.
D. the weak link between government and financial intermediaries
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