Multiple Choice
Which of the following is an example of maturity transformation?
A) Anne sells her house for $200,000 and uses the money to open a bakery.
B) Matthew sells his car and uses the money to pay college tuition.
C) Justin takes $10,000 from his savings account and uses it to buy some Apple stock.
D) Michael closes his checking account at Bank of America and opens a checking account at a local credit union.
Correct Answer:
Verified
Correct Answer:
Verified
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