In a less-developed financial system, which one of the following statements hold good? Institutional investors play an important role in capital formation Investment Bankers play an important role in capital formation Savings are converted into productive assets in a short period of time Cost of capital is expected to low

Economics:
10th Edition
ISBN:9781285859460
Author:BOYES, William
Publisher:BOYES, William
Chapter31: Capital Markets
Section: Chapter Questions
Problem 3E
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In a less-developed financial system, which one of the following statements hold good?

Institutional investors play an important role in capital formation
Investment Bankers play an important role in capital formation
Savings are converted into productive assets in a short period of time
Cost of capital is expected to low
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