Which of the Following Is an Example of a Bank

question 45

Multiple Choice

Which of the following is an example of a bank realizing economies of scope?

• A)The bank develops a standard mortgage loan application to make the process of loaning out mortgages easier.
• B)The bank reduces costs of credit checking for the loan process by outsourcing the process to a specialist.
• C)By using the information collected from a corporation,the bank can decide how easy it would be to sell bonds issued by the corporation to the public.
• D)A bank in a rural area specializes in providing agricultural loans.

---

Definitions:

Incapacitated

In a state where an individual is unable to take legal actions or make their own decisions due to physical or mental limitations.

Offeror

An offeror is the party in a contract who makes an offer to enter into an agreement with another party, known as the offeree.

Offer Immediately

This term typically refers to a proposal or opportunity presented without delay.

Reasonably Definite Terms

A principle that a contract must be clear enough in its terms so that the obligations of each party can be understood and enforced.