What does the term ""democratization of finance"" mean?
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The term “democratisation of finance” refers to the gradual process of removing control of the finance industry away from the select few big banks/financial institutions and distributing the power among the general public.
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Answer:
The term “democratisation of finance” refers to the gradual process of removing control of the finance industry away from the select few big banks/financial institutions and distributing the power among the general public.
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