Which Function of an FI Reduces Transaction and Information Costs

question 26

Multiple Choice

Which function of an FI reduces transaction and information costs between a corporation and an individual and may encourage a higher rate of savings?

• A)brokerage services
• B)asset transformation services
• C)information production services
• D)money supply management

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Definitions:

Empathy

The ability to understand and share the feelings of another, putting oneself in another's shoes.

Across Cultures

Refers to the existence or applicability of concepts, practices, or phenomena in multiple cultural contexts.

Communication Competency

The ability to effectively exchange information with others, involving skills such as listening, speaking, reading, and writing.

Liaison Skill

The ability to connect, mediate, and coordinate actions between different individuals or groups effectively.