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How have the innovations of global financial networks and computerized money and information transfer systems changed financial intermediation?
Bourgeoisie
The middle class in capitalist societies, owning means of production and employing labor power for profit.
Instrumental Rationality
A type of reasoning or logic focused on selecting the most efficient means to achieve a specific goal or end, without necessarily considering ethical or moral implications.
Welfare Policies
Government initiatives designed to support the well-being of the population, particularly the most vulnerable, through services and financial assistance.
Authority
Is legitimate, institutionalized power.
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