By issuing its own financial claims the commercial bank in essence transforms a longer-term asset into a short-term one by giving the borrower a loan for the desired investment horizon. This function of financial institutions is called ________________________.
A. diversification
B. maturity intermediation
C. information processing cost
D. None of them
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This economic function of financial institution-transforming more risky assets into less risky ones-is called _____________________.
A. diversification
B. maturity intermediation
C. information processing cost
D. None of them
What are the economic functions of financial institution discussed in this chapter?
A. providing maturity intermediation
B. risk reduction via diversification
C. reducing the costs of contracting and information processing
D. Providing a payment mechanism
maturity intermediation 的中文意思为：
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