Denomination transformation refers to the ability of financial institutions to:
A)spread risk.
B)raise short-term funds to lend for longer periods.
C)raise many small amounts to lend larger amounts.
D)raise funds in one currency to lend in another currency.

Question

Quizplus · Accepted Answer

Denomination transformation involves pooling small deposits from many individuals to provide larger loans to borrowers.

Denomination Transformation Refers to the Ability of Financial Institutions To