Banks and financial institutions serve an important role in the economy by facilitating economic activity, particular saving and borrowing. Which of the following statements about banks and financial institutions are correct and which are incorrect, and why? a) Borrowers generate demand for loanable funds, while savers generate the supply of loanable funds b) A higher interest rate will encourage investment, but discourage saving c) Tobedefinedas"money",amediumofexchangeneedstoserveasaunitof account and a store of value, but it does not need to be universally accepted d) Stocks provide less predictable future payments than bonds, but stocks provide asset holders with more say in how the company is run e) Liquidity refers to how quickly an asset depreciates