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The U.S. financial system boasts very liquid and efficient markets where financial assets are bought and sold. The U.S. also has a very large number of banks. Other developed nations, like France, Japan or Germany, have few banks even fewer financial markets. What are the pros and cons of the two different approaches?
This document contains various important questions and their appropriate answers in the subject field of Economics.
Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.
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