In world without information and transaction costs, financial intermediaries would not exist." Is the true, false, or uncertain?.Explain your answer

Financial Accounting Intro Concepts Meth/Uses
14th Edition
ISBN:9781285595047
Author:Weil
Publisher:Weil
Chapter12: Liabilities: Off-balance-sheet Financing, Retirement Benefits, And Income Taxes
Section: Chapter Questions
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In world without information and transaction costs, financial intermediaries would not exist."

Is the true, false, or uncertain?.Explain your answer

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