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Why do people usually wish to use banks for financial intermediation rather than lend directly to a friend or business? Select one: a.Reduce risk of

Why do people usually wish to use banks for financial intermediation rather than lend directly to a friend or business?

Select one:

a.Reduce risk of adverse selection and moral hazard

b.Banks can assess creditworthiness of borrowers more efficiently

c.Banks may have better knowledge

d.Banks can pool funds and reduce both risk and costs

e.All answers given are correct

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