The fact that financial intermediaries employ experts to carry out particular activities and so lower transactions costs is usually associated with the following economic concept:
A) The law of demand
B) Economies of scale
C) Comparative advantage
D) Information costs
Correct Answer:
Verified
Q4: Financial intermediaries pool the resources of many
Q5: Financial intermediation is:
A)Far less important than direct
Q6: Economies of scale associated with financial intermediaries
Q7: Automated teller machines provided by financial intermediaries
Q8: Financial intermediaries, through their ability to lower
Q10: The fact that a financial intermediary can
Q11: Financial intermediaries, through their ability to lower
Q12: Financial intermediaries:
A)Increase the cost of financial transactions
Q13: Financial institutions, acting as financial intermediaries, perform
Q14: When the amount of direct and indirect
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