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If the Role of Financial Intermediaries Is to Produce and Process

Question 26

Multiple Choice

If the role of financial intermediaries is to produce and process information, then they are least needed when


A) the capital market is weak-form efficient.
B) the capital market is semi strong-form efficient.
C) the capital market is strong-form efficient.
D) information is costly for individuals to obtain and process.
E) none of the above.

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