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Question
How have the innovations of global financial networks and computerized money and information transfer systems changed financial intermediation?
A. Financial intermediation has become riskier because it is more difficult to stay informed about worldwide events.
B. Financial intermediation has become more costly because it is necessary to invest in high cost technology.
C. Financial intermediation has been unaffected.
D. Financial intermediation has become more costly as global firms exploit economies of scale and scope.
E. Financial intermediation has become less risky as firms become adept at maintaining zero gap positions.
Answer
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