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One reason that financial intermediaries exist is that they: A. are required by government regulation B. have developed low-cost methods to obtain information. C. are
One reason that financial intermediaries exist is that they: A. are required by government regulation B. have developed low-cost methods to obtain information. C. are the only way to obtain information D. earn high returns from lending their own funds. 2. 3. Providing stock options to corporate managers was an idea designed to: A. hide increases in pay of corporate executives from stockholders B. align managers' interest with the stockholders' interest. C. treat adverse selection
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