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:

Spearman-Brown Formula

In psychometrics, a mathematical formula that predicts the degree to which the reliability of a test can be improved by adding more items.

Assessment Of Individual Differences

The process of evaluating the unique characteristics and variations among individuals, often in psychological contexts.

Rational Method

A logical approach to gaining knowledge, often involving critical thinking and deductive reasoning.

Projective Tests

Psychological assessments that use ambiguous stimuli to elicit responses that are thought to reveal a person's unconscious thoughts and feelings.