Which of the following does NOT represent a way in which financial intermediaries take advantage of economies of scale?
A) Paying lower brokerage fees per dollar invested
B) Paying lower legal fees per dollar invested
C) Purchasing sophisticated computer systems
D) Paying lower taxes per dollar invested
Correct Answer:
Verified
Q9: The presence of transactions costs and information
Q10: Small savers face
A)low transactions costs in financial
Q11: It is generally agreed that
A)the financial system
Q12: What solution did most financial experts suggest
Q13: Information costs
A)are the costs of buying and
Q15: Small savers face
A)high transactions costs in financial
Q16: Which of the following was a consequence
Q17: The presence of transactions costs and information
Q18: Financial intermediaries emerged
A)to make loans to governments.
B)to
Q19: Economies of scale are
A)charges to savers and
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