What types of changes have financial markets experienced during the last two decades Have they been perceived as positive or negative changes Explain
belongs to book: FUNDAMENTALS OF FINANCIAL MANAGEMENT|Eugene F.Brigham, Joel F. Houston|12th Edition| Chapter number:2| Question number:1
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Accounting
The more efficient the financial system, the lower the costs of intermediation, the lower the costs to the borrower, and, hence, the lower the prices of goods and services to consumers.
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