4) Lenders in a financial system A) agents whose excess of expenditure over income creates a financial deficit which they wish to meet by borrowing B) agents whose excess of income over expenditure creates a financial surplus which they are willing to lend C) provide platforms to diversify portfolio to reduce impact of macroeconomic variables like interest rates or inflation D) put money into an entity such as a business for a financial return E) all of the above 1 5) Which of the following financial intermediaries are depository institutions? A) A savings and loan association B) A commercial bank C) A credit union D) All of the above None of the above E)