Question: QUESTION 1 3 What is ( are ) the primary role ( s ) of the financial system? ( a ) Transforming low - risk

QUESTION 13
What is (are) the primary role(s) of the financial system?
(a) Transforming low-risk claims to high-risk claims.
(b) An intermediary between the surplus agents and deficit agents.
(c) Transforming short-term claims to long-term claims.
(d) All of the above.
QUESTION 13 What is (are) the primary role(s) of the financial

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