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
Q1: Emerging market economies, compared to industrialized economies,
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
Q7: The fact that a financial intermediary can
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
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