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Question B3 (a) Explain with TWO reasons why individual small fund savers choose to purchase Money Market Mutual Fund (MMMFs) instead of saving in commercial

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Question B3 (a) Explain with TWO reasons why individual small fund savers choose to purchase Money Market Mutual Fund (MMMFs) instead of saving in commercial banks. (4 marks) (b) Explain why large commercial bank tends to have lower equity level than small banks, although large bank engages in more off-balance sheet activities. (4 marks)

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