Will computer technology cause financial intermediaries to become extinct?
Point：Yes.Financial intermediaries benefit from access to information.As informaion becomes more accessible,individuals will have the information they need before investing or borrowing funds.They will not need financial intermediaries to make their decisions.
Counter-Point:No.individuals rely not only on informaiton,but also on expertise.Some financial intermediaries specialize in credit analysis so that they can make loans.Surplus units will continue to provide funds to financial intermediaries rather than make direct loans,because they are not capable of credit analysis,even if more information about prospective borrowers is available.Some financial intermediaries no longer have physical buildings for customer service,but they still require people who have the experise to assess the creditworthiness of prospective borrowers.
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