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4. Financial intermediaries: Select one: a. always provide lenders with higher returns. b. transmit funds directly between lenders and borrowers. c. issue claims on future
4. Financial intermediaries: Select one:
a. always provide lenders with higher returns.
b. transmit funds directly between lenders and borrowers.
c. issue claims on future cash flows of individual borrowers directly to initial lenders.
d. only act as agents for the transactions between lenders and borrowers.
e. act as a third party by issuing deposits to savers and buying financial assets from borrowers.
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