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Financial markets and institutions:

Select one:

a. Are involved in the movement of large quantities of funds between lenders and borrowers

b. Can affect the profits of businesses

c. Affect the goods and services produced in an economy

d. Do all of the given choices

e. Can affect the savings of a country

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Bank financial intermediaries are able to meet the long-term loan requirements of borrowers while meeting savers' preferences for liquid short-term claims because of their function of:

Select one:

a. maturity transformation.

b. asset transformation.

c. denomination transformation.

d. liquidity transformation.

e. credit risk transformation.