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The banking industry OA) should have an efficiency advantage in gathering information that would eliminate the need for the money markets. B) exists primarily to
The banking industry OA) should have an efficiency advantage in gathering information that would eliminate the need for the money markets. B) exists primarily to mediate the asymmetric information problem between saver-lenders and borrower-spenders. OC) is subject to more regulations and governmental costs than the money markets. OD) all of the above are true. OE) only A and B of the above are true
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