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thanks600words 2 What are the main purposes of money markets]and why is there a need for money markets? Discuss the cost advantages the money market

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2 What are the main purposes of money markets]and why is there a need for money markets? Discuss the cost advantages the money market have over the banking sector? How did asset-backed commercial papers contribute to the financial crises of 2007-2008? Please provide details, examples to support your argument

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