EBK THE ECONOMICS OF MONEY, BANKING AND
EBK THE ECONOMICS OF MONEY, BANKING AND
5th Edition
ISBN: 9780134734545
Author: Mishkin
Publisher: YUZU
Question
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Chapter 1, Problem 2LO
To determine

The effect of financial intermediation and financial innovation on banking and the economy.

Concept Introduction:

Financial Intermediation - It is an activity in which some institutions take liabilities to their accounts and facilitate both lenders and borrowers.

Financial Innovation - It is an act of creating a new financial instrument, market or institution and then propagating it.

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