Which of the Following Is NOT a Comparative Advantage of Building

question 14

Multiple Choice

Which of the following is NOT a comparative advantage of building societies over banks?

• A)Perceived as more customer focused.
• B)Better presence in small rural communities.
• C)Subject to less regulation.
• D)Well established specialisation in residential loans.

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Definitions:

Liquidity Preference

A theory that suggests individuals prefer to have their resources in liquid form to meet immediate demands for funds.

Irving Fisher

A renowned American economist known for his contributions to the theory of interest and the Fisher Equation.

Price Level

A general average of the ongoing prices for goods and services within the economic sector.

Foreign-Currency Exchange

The process by which individuals and entities convert currency from one country's currency into another, understanding the dynamic exchange rates between currencies.