16-49 How Can Operating Expenses of an FI Be Reduced

question 95

Multiple Choice

16-49 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.
• E)By complying with all government regulations.

---

Definitions:

Strict Liability

A legal doctrine holding individuals or entities responsible for damages or injuries caused by their actions or products, regardless of negligence or intent.

Contributory Negligence

A legal doctrine that can reduce the claimant's ability to recover damages if they are found partly at fault for the incident or harm.

Reasonable Person Standard

A legal benchmark used to determine how an average person would responsibly act in certain circumstances.

Physical Disabilities

Conditions that limit a person's physical capacity, ranging from mobility issues to dexterity or sensory impairments.