How is the liquidity problem faced by investment funds different from that faced by DIs (Depository Institutions)? A) In the case of investment funds, the net asset value (NAV) for all shareholders is fixed at the price they purchased it at, hence everybody will receive this price.

B) Latecomers in DIs will be penalized because the financial institution may have insufficient liquid assets to cover their cash needs.

C) The liquidity problem is the same for investment funds and DIs.

D) Assets of investment banks can be easily converted into debt instruments but not DIs.

E) DIs are all state chartered but investment funds are not.