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Question 16 If financial markets didn't exist: required returns would be lower since fewer instruments would trade. O more funds would flow directly between borrowers

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Question 16 If financial markets didn't exist: required returns would be lower since fewer instruments would trade. O more funds would flow directly between borrowers and savers. liquidity would diminish and returns would be lower. O liquidity would diminish, reducing the flow of funds between borrowers and savers

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