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Explain what is meant by the term direct finance

Question:

"If financial markets operated perfectly and without cost financial intermediaries would not exist. All finance would be direct finance." Explain what is meant by the term "direct finance" and state whether you agree or disagree with this statement. Explain why.

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Finance Basics: Explain what is meant by the term direct finance

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Finance Basics: Explain what is meant by the term direct finance

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