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Which of the following statements is/are true?
a) Commercial banks are involved in taking deposits from savers and lending funds to borrowers.
b) Banks do not perform any significant functions in market-based financial systems.
c) The strength of capital markets does not depend on the legal and regulatory framework but rather on economic aspects such as the presence of active investment banks.
d) There can be mixed forms of direct and indirect finance.
e) Market financing reduces the risks to which investors are exposed by reducing the danger of bank-driven crises.
Université de Genève