1. What is the responsibility of a bank that is offering and promoting these derivative products to its customers? Does it have some duty to protect their interests?

Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter17: Financial Markets
Section: Chapter Questions
Problem 19RQ: Why are banks called financial intermediaries?
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1. What is the responsibility of a bank that is
offering and promoting these derivative
products to its customers? Does it have some
duty to protect their interests?
Transcribed Image Text:1. What is the responsibility of a bank that is offering and promoting these derivative products to its customers? Does it have some duty to protect their interests?
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