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Which of the following statements is FALSE? Select one: a. Financial Intermediaries and Information intermediaries separate savings from business ideas b. Financial statements measure and

Which of the following statements is FALSE?

Select one:

a. Financial Intermediaries and Information intermediaries separate savings from business ideas

b. Financial statements measure and summarize the economic consequences of business activities.

c. Information intermediaries assure the quality of financial statement representations.

d. Relevant and reliable financial information is essential for the functioning of capital markets

e. Financial statements are an important source of information to the capital markets and business analysts.

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