How Can Operating Expenses of an FI Be Reduced by Improved

question 30

Multiple Choice

How can operating expenses 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:

Accurate

The quality of being correct or precise, often used in the context of numerical or factual information.

Cent

A monetary unit in various countries, equal to one-hundredth of a base currency.

Verify

To check or test the accuracy or correctness of something.

Pair of Equations

Represents two equations involving the same variables, often solved simultaneously to find the values of those variables.