a) Discuss FIVE (5) reasons on how financial intermediaries can improve the efficiency of financial markets. (10 marks)

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a) Discuss FIVE (5) reasons on how financial intermediaries can improve the efficiency of financial markets. (10 marks)

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a) Discuss FIVE (5) reasons on how financial intermediaries can
improve the efficiency of financial markets. (10 marks)
b) Explain the differences between maximising profits and
maximising shareholders’ wealth. Justify which one should be the
goal of financial management. (6 marks)
c) Discuss any THREE (3) costs and THREE (3) benefits of
operating business as a corporation. (9 marks)
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