Which of the following statements concerning credit risk diversification of financial intermediation is/are CORRECT?

Select one:

a.

(3) and (4).

b.

(4): It takes place when financial intermediaries provide various loans to their important client.

c.

(1): It occurs when financial intermediaries provide a range of products.

d.

(3): It happens when financial intermediaries are exposed to the credit risks of a number of different borrowers.

e.

(2): It means that a savers credit risk exposure is limited to the intermediary.