State whether each of the following statements is true or false. (No explanation required)

a. One of the vital purposes of a bank is to act as a financial intermediary.

b. Earning a high rate of interest is the single motivation that influences the decision of person to save.

c. The term "crowding-out" refers to the situation where government borrowing reduces private borrowing.

d. The marginal propensity to consume (mpc) is the proportion of additional income spent or consumed.

e. The Morrill Land Grant College Act had little discernable effect on American economic growth.