Which Function of an FI Reduces Transaction and Information Costs

question 99

Multiple Choice

Which function of an FI reduces transaction and information costs between a corporation and individual which may encourage a higher rate of savings?

• A)Brokerage services.
• B)Asset transformation services.
• C)Information production services.
• D)Money supply management.
• E)Administration of the payments mechanism.

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Definitions:

Cultural Differences

The variations in the beliefs, values, habits, and customs among people from different countries or social groups.

HR Policies

Set guidelines and procedures in a company regarding how employees are managed and treated.

Incentive Pay

A form of compensation designed to reward employees for achieving performance targets or for their contributions to organizational success.

U.S. Labor

U.S. Labor refers to the workforce of the United States, including its structure, laws, regulations, and cultural dynamics that govern labor relations and employment practices.