1-62 The asset transformation function of FIs typically involves
A) receipt of securities through electronic payments systems.
B) altering the liquidity and maturity features of funds sources used to finance the FI's asset portfolio.
C) granting loans to transform funds deficit units into funds surplus units.
D) investing short-term funds in off-balance sheet activities.
E) transferring of funds from one generation to another.
Correct Answer:
Verified
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