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Question Three 1. (a) (0) What is financial intermediation? Identify any four services that financial intermediaries provide (b) What economic advantages are created by the

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Question Three 1. (a) (0) What is financial intermediation? Identify any four services that financial intermediaries provide (b) What economic advantages are created by the existence of: (c) (i) Primary markets. (ii) Secondary markets (iii) Portfolio management firms.) Describe how the Capital Authority can ensure: 0 Faster growth and development of the Nairobi Stock Exchange or Stock Exchange in your country Determine the working capital cycle for the company

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