Which TWO of the following statements are correct? 1 Securitisation is the conversion of illiquid assets into marketable securities 2 The reverse yield gap refers to equity yields being higher than debt yields 3 Disintermediation arises where borrowers deal directly with lending individuals 4 Demand-pull inflation will occur when there are increases in production costs independent to the state of demand
dear sir
the above question is from kaplan , and i have problems in understanding the first statement and the third statement .