-asset transformation and financial intermediation

just d is fine c got solved already

2.c (4 points) Employers offer pension funds as a form of employee compensation (providing retirement income). Briefly describe the two most important differences between defined-benefit pension plans and defined-contribution pension plans. 2.d (4 points) Portfolio-risk transformation is an important type of asset transformation produced by financial intermediaries, such as a mutual fund or a bank. Briefly describe how the choice of which assets to hold (asset management) affects the degree to which a financial intermediary diversifies the portfolio risk in its portfolio