Which of the following statements are true with regard to the financial system?

i. The role of the financial system is to transfer funds in the most efficient manner possible

ii. Borrowers "supply" money and savers "demand" money.

iii. Borrowers "demand" money and savers "supply" money.

iv. Financial intermediaries are only used in the public markets (i.e. for initial public offerings).

a. ii.

b. i,iii.

c. i,iv.

d. i, iii,iv.