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Copyright ? 2010 Pearson Education, Inc. Publishing as Prentice Hall * * * * * * * Financial Institutions, Financial Intermediaries and Asset Management Firms Chapter 2 Services of Financial Institutions Transforming Financial Assets Exchanging Financial Assets on Behalf of Customers Exchanging Financial Assets for Own Account Assisting in the Creation of Financial Assets Providing Investment Advice Managing Portfolios Role of Financial Intermediaries Transfer of funds from savers to investors Types of Investments Direct Investment For example, purchasing a portfolio of stocks and bonds Indir
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