The fact that a financial intermediary can hire a lawyer to write one contract that works for many customers is an example of:
A) economies of scale.
B) the law of diminishing marginal returns.
C) the law of increasing opportunity cost.
D) the law of demand.
Correct Answer:
Verified
Q2: The fact that financial intermediaries employ experts
Q3: Financial intermediaries, through their ability to lower
Q4: Since one function of financial intermediaries is
Q5: If financial intermediaries did not have the
Q6: Financial intermediaries:
A) increase the cost of financial
Q8: Examples of economies of scale are:
A) the
Q9: Financial intermediaries pool the resources of many
Q10: Which of the following is not a
Q11: When the amount of direct and indirect
Q12: The function of providing liquidity by financial
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