Financial intermediaries develop ________ in things such as computer technology which allows them to lower transactions costs.
A)expertise
B)diversification
C)regulations
D)equity

Question

Quizplus · Accepted Answer

Financial intermediaries need to have expertise in technology to develop systems that help them reduce transactions costs. This expertise enables them to improve their efficiency, reduce errors, and offer better services to customers. As a result, financial intermediaries can reduce the costs of transactions and provide their services at lower prices, which benefits both parties involved.

Financial Intermediaries Develop ________ in Things Such as Computer Technology