Question 3 (a) Critically discuss the issues that may appear in the financial system if financial intermediaries did not

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Question 3 (a) Critically discuss the issues that may appear in the financial system if financial intermediaries did not

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Question 3
(a) Critically discuss the issues that may appear in the
financial system if financial intermediaries did not exist and how
these issues could be resolved. (30 marks)
(b) Carefully discuss the mechanism of a financial system and
functions of financial intermediaries in the financial system. (30
marks)
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