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Question
One of the results of the financial innovations, which have occurred since the 1960, has been the introduction of market-broadening instruments, which increase the liquidity of markets and the availability of funds by:a. Attracting new investors.
b. Offering new opportunities for borrowers.
c. Reallocating financial risk to those less adverse to them.
d. a anb b only.
e. All of the above.
Answer
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