Question：Which one of the following statements is not correct in respect of financial intermediation?
A. A saver's capital will be at risk from bad lending decisions even if the intermediary is financially sound.
B. Financial intermediaries provide borrowers with a source of funds.
C. The intermediary uses aggregation to package small savers' deposits for lending on to borrowers.
D. Intermediaries provide savers with a convenient way to store money.
The correct answer is:A saver's capital will be at risk from bad lending decisions even if the intermediary is financially sound.
Since the intermediary will have to bear the bad debt risk.
The other three options are key features of financial intermediaries.
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