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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 |
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