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Lecture Money, Banking & Finance (2) - Lecture 1: The Nature of Financial Intermediation

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Lecture Money, Banking & Finance (2) - Lecture 1: The Nature of Financial Intermediation. Learning objectives of this chapter include: Explain the theory and purpose of financial intermediation; describe the structure of financial markets; show that financial intermediation is welfare superior to direct transformation of current consumption to future consumption; describe the process of financial intermediation and the markets that enable its efficient functioning. |

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