How Can Interest Expense of an FI Be Reduced by Improved

question 34

Multiple Choice

How can interest expense of an FI be reduced by improved technological efficiency?

• A)By improving the efficiency of management of information flows.
• B)By obtaining access to low cost sources of funds.
• C)By linking services to the quality of the FI's technology.
• D)By innovating new interest earning products.

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Definitions:

Specific Performance

A judicial remedy requiring a party to fulfill their obligations under a contract, typically used when monetary damages are inadequate.

Injunctions

Court orders requiring an individual or entity to do or refrain from doing specific acts.

Limitations

Restrictions or caps, often referring to the time within which legal action can be taken.

Accounting

The systematic process of recording, analyzing, and interpreting financial transactions and data.