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After graduating from college a semester late, in February 1969, he rejoined Lehman as a summer intern, this time working at the firm Derivatives contracts may be The ratio of liquidity of microfinance institutions (hereinafter - the norm NMO2) - the ratio of liquid assets to the amount of MFI short-term liabilities of a organization microfinance. Bhagwati has also pointed out that an unregulated financial system can with relative ease become divorced from the productive system it is supposed to serve and so be unnaturally predisposed to
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