A Bank Is Said to Have_____ When Its Average Costs

question 32

Multiple Choice

A bank is said to have_____ when its average costs decline when it offers a wider variety of products.

• A)economies of scope.
• B)economies of scale.
• C)cost diminution.
• D)decreasing returns to scale.

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Definitions:

Reference/Job Number

A unique identifier assigned to a specific job or task for tracking and reference purposes.

Formal Style

A style of communication or writing that follows established conventions and is appropriate for professional or official contexts.

Contact Information

A collection of details that allows someone to be reached, such as phone number, email address, or mailing address.

Job Websites

Online platforms that list employment opportunities, allowing users to search and apply for jobs in various industries.