25

In relation to banks:

Select one:

a. Commercial banks now apply an asset management approach to funding growth in their balance sheets.

b. Short-term deposits become short-term assets on a bank's balance sheet.

c. Their sources of funds are represented as assets on a bank's balance sheet.

d. Economies of scale allow them to lower transaction costs.

e. They hold a very large percentage of government securities as part of their liquidity management.