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Question 1 : If financial markets were perfect and costless, would there be a need for financial institutions? Explain Question 2: Susan has a fair
Question 1 : If financial markets were perfect and costless, would there be a need for financial institutions? Explain
Question 2: Susan has a fair credit score, owns her own home and car, and has made all of her payments consistently (with a few late payments). Her current car is 5 years old and owned outright. She still has 25 years left of payments on her home.
Would she do better to approach a finance company or commercial bank to finance a new car? What are the advantages of either? What are the disadvantages? Explain
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