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| Topic: |
Business
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| Number of pages / Number of words: |
2 / 430 |
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Intermediaries are divided into three categories- depository institutions, contractual savings institutions, investment intermediaries.
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The principal role of a financial system is to bring together economic agents with surplus financial resources and those with net financial needs. The parties can be brought together directly or indirectly. The parties with excess financial resources directly finance those with financial needs are known as direct finance...
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