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:

Industrial-Medical Revolution

A significant transformation in industry and medicine, often characterized by technological advancements and improved health care.

Myth Of Superabundance

The belief that natural resources are unlimited and can support endless growth and consumption, which is now widely recognized as unsustainable due to finite resource availability.

Early Colonists

The first group of settlers or inhabitants in a new area, establishing a colony.