Which type of financial intermediary is more highly exposed to liquidity risk?

Question

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Deposit-taking institutions like banks are more highly exposed to liquidity risk as they rely on short-term deposits for funding and their assets may not be easily liquidated in case of sudden withdrawals by depositors. Other intermediaries listed have longer-term liabilities or investment strategies that may be less prone to sudden liquidity demands.

Which Type of Financial Intermediary Is More Highly Exposed to Liquidity