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Which of the following statements related to the delegated monitors theory is incorrect? O a. The delegated monitors theory states that it is more efficient

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Which of the following statements related to the delegated monitors theory is incorrect? O a. The delegated monitors theory states that it is more efficient for financial intermediaries to monitor the borrower than for the depositors to monitor. b. Financial intermediaries are better monitors than depositors because of their specialization c. In practice, financial intermediaries do not need to be monitored. d. According to the delegated monitors theory. It is not necessary to monitor the financial intermediaries

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