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What are the main roles that financial intermediaries play

1. What are the main roles that financial intermediaries play in the financial system?

2. Compare and contrast direct finance and indirect finance. Which is more likely to have a larger share of the total financial market in a mature economy? In a young economy? Why?

3. What is the difference between a primary market and a secondary market? Which market is bigger for equity securities?

4. What is the relationship between the efficiency of a financial system and the rate of economic growth?

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Financial Accounting: What are the main roles that financial intermediaries play

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