1) Identify and explain the eight basic facts about the global financial system?
2) Give a summarize with examples how transaction costs affect financial intermediaries? Your example should include the profile and corporate structure.
3) What are some key differences in Financial structure in developing Nations and those in less developed Nations? Give an example for full credits.
We are using The Economic, Money, Banking and Financial Markets- Federic S. Mishkin- Columbia University Book.
Answer in 1 page.