Hi, I need help with these 2 questions. thank you for your help

Question 1: For each situation, explain why seeking out an individual saver to borrow money from is not ideal. then, identify which function of banks eliminates the problem.

Hint: Banks serve 5 functions. Reall all the scenarios, then determine which function best addresses each situation. A function will only be used once.

Bank 5 functions:

Function 1: Banks pool savings from many savers

Function 2: Banks spread the risk of lending money across many borrowers

Function 3: Banks solve information problems

Function 4: Banks provide payment services

Function 5: Banks create long term loans from short term deposits

Scenarios

a/ As a first years student, you need to borrow$20,000 for school. You intend to repay this loan over time after you graduate.

b/ You are starting a business in a new industry and need $300 million for your initial investment

c/ You need to take out a $15,000 loan to purchase a new car. no one who knows you personally has the money to lend.

d/ You want to be able to pay your bills online instead of paying for everything using cash.

Question 2:

Your parents are thinking about purchasing bonds with a 25 year-term, but they are a little worried that they might need the money before the 25 year-term is up. How would they go about accessing the money if they needed it before the end of the term?