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How Are Financial Intermediaries Able to Reduce Transactions Costs

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How are financial intermediaries able to reduce transactions costs?


Definitions:

Cohort

A group of individuals sharing a common characteristic, typically born around the same time, who are studied over a period of time.

Psychoanalytic Theory

A theory of psychology and human behavior that emphasizes unconscious motives and conflicts as the primary determinants of human behavior.

Unconscious Needs

Desires or requirements of which an individual might not be aware but which influence behaviors and emotions.

Inner Drives

Inherent motivations or impulses within an individual that propel them to act or pursue certain goals.

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