Explain Why Banks,which Would Seem to Have a Comparative Advantage

question 64

Essay

Explain why banks,which would seem to have a comparative advantage in gathering information,have not eliminated the need for the money markets.

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Definitions:

Innate Tendency

Natural instincts or inclinations present at birth and not acquired through learning.

Competence, Autonomy

Attributes related to individuals' abilities to effectively perform tasks and make independent decisions, contributing to their sense of mastery and self-determination.

Relatedness

In psychology, relatedness refers to the need to feel connected to others, being an essential component of human motivation according to various theories, including self-determination theory.

Physiological Needs

Basic physical requirements necessary for survival, such as food, water, and sleep.