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Unformatted text preview: Fall 2008. Problem Set 2. Money, Banking and Financial Markets (EC 330) Please answer all the questions below and return your answers Tuesday March 25th 1) Define a "market based" financial system and a "bankbased" financial system. Given examples of countries with the two types of financial systems. Using the notes and the tables in the notes explain why you chose to classify the various countries as "market based" or "bank based". (5 points) 2) Describe the key steps in the evolution of the US banking...
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This note was uploaded on 07/25/2008 for the course ECON 330 taught by Professor Minetti during the Spring '08 term at Michigan State University.

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