Recent trends in disintermediation have tended to increase the relative importance of banks within the global financial system.

Question

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Disintermediation refers to the process where consumers or businesses bypass traditional banks and financial intermediaries to use alternative financial services, such as online platforms, peer-to-peer lending, or crowdfunding. This trend generally decreases the relative importance of banks within the global financial system.

Recent Trends in Disintermediation Have Tended to Increase the Relative