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.

---

Definitions:

Observations

The process of closely monitoring, recording, or noting phenomena as they occur in natural settings, often used as a method in scientific studies.

Census Of Population

A systematic enumeration of a population, typically recording details of individuals such as age, gender, occupation, and ethnic background.

Self-Administered Questionnaire

A method of data collection where respondents read and answer questions without an interviewer's help.

In-Person Survey

A data collection method where researchers directly interact with participants to gather information through questions in a face-to-face setting.