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Common Currency: Community Development Corporation may be wise option for Park Rapids

Published 11/16/2011, Park Rapids Enterprise

I recently came across this sentence in a 1996 paper published by the Wharton Financial Institutions Center: “The key value added of intermediaries is that they provide the function of allowing risk to be allocated efficiently at minimum cost.... intermediaries can transact at near zero cost while individuals have high trading costs. This means that intermediaries can create a large number of synthetic assets through dynamic trading strategies.”

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