Which of the following cash flows may be reported on a net basis by a financial institution? I. Cash payments and receipts for the acceptance and repayment of deposits with a fixed maturity date. II. Cash receipts and payments for the acceptance and repayment of deposits with no fixed maturity date. III. The placement of deposits with and withdrawal of deposits from other financial institutions. IV. Cash advances and loans made to customers and the repayment of those advances and loans.

Select one:

a. I, II and III.

b. I, II and IV.

c. I, III and IV.

d. II, III and IV.