At the start of 2014,one share of Berkshire Hathaway's A-shares was trading at over $150,000. ________ in an mutual fund gives a small investor access to these shares.

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Denomination intermediation refers to the process where an investor buys a fraction of a large and expensive security. This option allows small investors to access expensive shares like those of Berkshire Hathaway's A-shares through mutual funds that buy and sell those shares. Liquidity intermediation, diversification, and managerial expertise do not directly address buying expensive securities.

At the Start of 2014,one Share of Berkshire Hathaway's A-Shares