Exam (elaborations)
Exam (elaborations) ECS3701 EXAM ECS3701 EXAM PACK
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OCTOBER/NOVEMBER 2014 Question 1 1.1 Bond attracts interest as return stock attracts dividends as return. 1.2 They have expertise thus they can detect and prevent adverse selection. -they have economies of scale 1.3 –to protect depositors -to detect investors -to prevent financial crisis...
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