1) The financial system moves funds via financial markets (e.g., stockbrokers) or financial institutions (e.g., banks). Why might borrowers and savers prefer to transact directly in financial markets (rather than using a bank)?

A) Borrowers need funds on a long-term basis.

B) Savers would like easy access to their funds.

C) Savers can buy financial instruments at the lowest possible cost.

D) Savers have lots of time to select and monitor borrowers.