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Describe how a financial institution functions of an Intermediary. In your own words, give an example of intermediation. Describe what is meant by Asset Transformation.

Describe how a financial institution functions of an Intermediary. In your own words, give an example of intermediation.

Describe what is meant by Asset Transformation. In your own words, give an example of how a Commercial Bank transforms their primary sources of funding to assets with very different characteristics.

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