Fls perform their intermediary function in two ways

A$)$ they serve as asset transformers by purchasing secondary securities and issuing primary securities$.$

B$)$ they specialize as brokers between savers and users and they serve as asset transformers by purchasing primary securities and issuing secondary securities$.$

C$)$ they specialize as brokers between savers and users and they serve as asset transformers by purchasing secondary securities and issuing primary securities$.$

D$)$ they serve as asset transformers by purchasing primary securities and issuing secondary securities$.$

E$)$ they specialize as brokers between savers and users.