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Q3: It is claimed by some economists that immature financial markets (inadequate or insufficient financial intermediation) is the reason why some countries are less developed

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Q3: It is claimed by some economists that immature financial markets (inadequate or insufficient financial intermediation) is the reason why some countries are less developed than others. Briefly discuss three (dot point) reasons why investment in productive businesses might be restricted in such countries, thus stifling economic growth

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