1-92 A significant recent trend in the provision of financial services is that households increasingly prefer denomination intermediation and information services provided by

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Mutual funds have become a popular choice for households to access financial services such as denomination intermediation (e.g. buying and selling stocks in smaller denominations) and information services (e.g. research and analysis on different investment options). Mutual funds pool money from multiple investors and invest in various securities such as stocks and bonds, providing both diversification and convenience to investors.

1-92 a Significant Recent Trend in the Provision of Financial