Which of the following statements is/are true according to the given passage?1. The seminar discussed how graduation from these community-led savings schemes into a wider array of formal financial services is potentially risky.2. If people do not have saving vehicles they tend to put their excess cash into something like livestock.3. Exclusion of people from financial services cannot force them to rely on risky and expensive alternatives.

• A. only 3
• B. only 2
• C. only 2 and 3
• D. all 1, 2 and 3
• E. None of the above