Examlex
Financial intermediaries are able to reduce transaction costs through ________ and ________.
Homophily
The tendency of individuals to associate and bond with others who are similar to themselves in terms of beliefs, values, or social status.
Social Status
The position or rank of a person or group within the society based on various factors including wealth, occupation, education, and family background.
Working Spend
The portion of a budget allocated to direct project execution and operational expenses, excluding overhead or fixed costs.
Non-Working Spend
Pertains to marketing expenses not directly associated with the creation or production of advertising content, such as research or agency fees.
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