Which function of an FI reduces transaction and information costs between a corporation and individual which may encourage a higher rate of savings?

Name: Which function of an FI reduces transaction and information costs between a corporation and individual which may encourage a higher rate of savings?
Brand: Quizplus
Rating: 4.8 (55 reviews)

Question

Quizplus · Accepted Answer

Brokerage services reduce transaction and information costs by acting as intermediaries between corporations and individuals, facilitating transactions and potentially encouraging savings.

Which Function of an FI Reduces Transaction and Information Costs