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Economic Perspectives, Vol. 3, No. 1, 1977
Finance: Funds Widely Available
Credit markets in 1976 were easier, on average, than in 1975. Moderate gains in economic activity were accompanied by stronger credit demands from the private sector; U.S. Government borrowing needs, although high, were lower than 1975 requirements. Meanwhile, increased earnings, savings, and efforts to build liquidity produced a very large supply of investment funds, especially through financial intermediaries.

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