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A rationale for the existence of banks is which following imperfection in financial

A rationale for the existence of banks is which following imperfection in financial markets?

  A.

Informational asymmetry

  B.

Efficiency of markets

  C.

All individuals and businesses have no difficulty meeting their liquidity needs on their own.

  D.

All individuals and businesses have full information about all investment opportunities.

  E.

All of the other choices are examples of the imperfections that exist

Jan 31 2020 View more View Less

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