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Impact of Interest Rates on Economy by john brown is a document available to read on EtoBox.
The investor prefers to borrow from the institution rather than his friend because the total cost is lower - borrowing from the institution costs 35,000 Egyptian pounds compared to 64,000 pounds from his friend. The type of finance the investor acquires is indirect finance, as he borrows money from a financial intermediary (the institution) rather than directly from his friend. The benefits of indirect finance include lower transaction costs, risk diversification, and expertise provided by the financial int
- Author
- john brown
- Language
- EN