Which of the following are reasons for the specialness of financial intermediaries?

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Financial intermediaries are able to offer lower price risk and superior liquidity attributes for financial claims to household savers, which sets them apart from other institutions that cannot offer the same level of protection and benefits. While intermediaries may have higher average information or transaction costs, their ability to manage risk and provide liquidity makes them uniquely valuable to the financial system.

Which of the Following Are Reasons for the Specialness of Financial