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  3. 3 for each of the following state whether it is...

Question: 3 for each of the following state whether it is...

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3) For each of the following state whether it is True or False and provide a brief explanation (1 or 2 sentences) as to why it is true or false.

a) When we say a bank is engaging in asset transformation we mean in part that the bank is raising funds by selling low risk assets to depositors

. b) Financial intermediaries like banks make it more difficult for their customers to time big purchases like a new car.

c) When an individual buys a bond, their net worth instantly increases.

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