Why do financial intermediaries existnbsp in your answer, Finance Basics

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Why do financial intermediaries existnbsp in your answer

Financial Markets and Institutions

Essay question: write an essay addressing the following question

Why do financial intermediaries exist? In your answer, discuss theories of financial intermediation, transactions costs and asymmetric information

Word limit: no more than 2,500 words (excluding references)

Guidance:

You are expected to read around the topic, using a range of sources such as textbooks, journal articles, financial press etc... to support the points/arguments made in your essay
It's important to reference your essay, providing a reference list/bibliography at the end of the essay.
Any referencing system is acceptable provided the essay is referenced consistently throughout. However, I generally recommend using the Harvard Referencing System.
For further guidance on how to go about completing this essay, please refer to the tutorial sessions held in week 18 (slides available on Blackboard in the 'Assignment' folder)

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