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Andrew [12]
2 years ago
6

Financial Institutions are described as having an asset transformation function. Explain this function and describe how a bank t

ransforms assets.
Business
1 answer:
anyanavicka [17]2 years ago
4 0

Answer:

In simple words, Asset transformation can be understood as the process of turning small denominational, instantly available, and generally riskless deposit accounts into lenders moderately risky, high denomination assets that are returned according to a specified schedule–from obligations (deposits) with distinct traits.

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When students in a large class were surveyed about how much they would be willing to pay for a coffee mug with their university'
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Answer and Explanation:

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Since the medium willingness to pay is $5, we can assume half the people have more willingness to pay than $5 and half the people have less. (Since it's a large class, we can assume this)

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