A financial intermediary creates claims on itself, when it accepts depositors' funds.

Banks providing depositors with checking accounts that enable them to pay their bills easily is known as _________

Banks providing depositors with checking accounts that enable them to pay their bills easily is known as_________ A: liquidity services. B: asset transformation. C: risk sharing. D: transaction costs.

One<br/>purpose of regulation of financial markets is to A: limit the profits of financial institutions. B: increase competition among financial institutions. C: promote the provision of information to shareholders, depositors and<br/>the public. D: guarantee that the maximum rates of interest are paid on deposits.