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    Business
  3. Study Set
    Financial Markets and Institutions
  4. Exam
    Exam 1: Introduction
  5. Question
    One Economic Function of a Financial Market Is to Reduce
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One Economic Function of a Financial Market Is to Reduce

Question 3

Question 3

True/False

One economic function of a financial market is to reduce the cost of transacting. There are two costs associated with transacting: search costs and information costs.

Correct Answer:

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