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All but one of the following is a comparative advantage of financial intermediaries: a. ability to...

All but one of the following is a comparative advantage of financial intermediaries:

a. ability to achieve economies of scale.

b. ability to reduce transaction costs.

c. ability to reduce information asymmetry.

d. exploit moral hazard in lending relationships.

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all but one of the following is a comparative advantage of financial intermediaries:

d. exploit moral hazard in lending relationships.

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