Standardization of financial instruments has occurred as a result of:

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Economies of scale refer to the cost advantages that companies can achieve by producing larger quantities of a product, resulting in lower per unit costs. Standardization of financial instruments allows for larger quantities to be produced since it reduces the need for customization, thereby reducing costs and increasing efficiency. This is an example of economies of scale. The rule of 70 is used to estimate the time it takes for a variable to double. The law of demand and supply refers to how prices and quantity of goods are determined in a market. None of these are directly related to the standardization of financial instruments.

Standardization of Financial Instruments Has Occurred as a Result Of