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money and banking 1

money and banking 1 - • Lower transaction costs • Risk...

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Ch. 2 Efficient allocation of capital = firms, entrepreneurs Timing – consumers (households) Financial Markets Asset types: debt, equity Transaction type: primary and secondary Market organization : OTC vs. exchange Time frame: money market, capital markets Pg.30-37 Financial Institutions
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Unformatted text preview: • Lower transaction costs • Risk sharing o asset transformation o Diversification • Asymmetric information – adverse • Pg. 41-42 Know one of 2 out of table 3 Regulation of financial sector-Inform ation issues – improve investors’ inform ation s et Purpose...
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