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Financial Intermediaries Increase the Probability of a Risky Venture Being

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Financial intermediaries increase the probability of a risky venture being funded by concentrating the risk among a few investors.


Definitions:

Choice Set

The collection of all possible options available to a decision-maker in a given scenario.

Clothing

Wearing apparel created from various fabrics and materials, intended to cover the body and protect it from environmental elements.

Food

Any nutritious substance that people or animals eat or drink to maintain life and growth.

Choice Set

The collection of all possible options or alternatives available to a consumer or decision-maker in a given context.

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