Financial Intermediaries Reduce Transactions Costs by

question 3

Multiple Choice

Financial intermediaries reduce transactions costs by

• A)charging fees to small savers.
• B)charging fees to small investors.
• C)taking advantage of economies of scale.
• D)avoiding risky investments.

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Definitions:

Mintzberg

Henry Mintzberg is a renowned academic and author known for his work on business and management structures, strategy, and organizational theory.

Liaison

A role or person that serves as a link or a coordination point between different departments or organizations to ensure effective communication and coordination.

National Culture

The set of norms, beliefs, customs, and values shared by the population of a sovereign nation.

Managerial Role

The specific duties, responsibilities, and functions that an individual in a management position is expected to perform.