How Do Banks Engage in Specialization and Division of Labor

question 133

Multiple Choice

How do banks engage in specialization and division of labor?

• A) Banks are the only avenue for savers to save their money and for borrowers to borrow for projects.
• B) Banks specialize in lending to risky borrowers.
• C) Banks coordinate the collection of lenders' funds and employ specialists in risk assessment to assure their safety.
• D) Banks specialize in the use of ATM cards.

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