Question: FIs perform their intermediary function in two ways they specialize as brokers between savers and users and they serve as asset transformers by purchasing secondary

FIs perform their intermediary function in two ways
they specialize as brokers between savers and users and they serve as asset transformers by purchasing secondary securities and issuing primary securities.
they serve as asset transformers by purchasing primary securities and issuing secondary securities.
they serve as asset transformers by purchasing secondary securities and issuing primary securities.
they specialize as brokers between savers and users.
they specialize as brokers between savers and users and they serve as asset transformers by purchasing primary securities and issuing secondary securities.

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