Financial Intermediaries' Ability to Reduce the Average Cost of Collecting

question 23

Multiple Choice

Financial intermediaries' ability to reduce the average cost of collecting information because of their efficient operations allows them to take advantage of

• A)asset transformation.
• B)economies of scale.
• C)economies of scope.
• D)transformational trading.
• E)standardization.

---

Definitions:

Latent Learning

A form of learning that occurs without any obvious reinforcement or immediate demonstration of the learned behavior, becoming apparent only when there is motivation to demonstrate it.

Prosocial Behaviors

Actions intended to benefit others, including helping, sharing, donating, co-operating, and volunteering.

Preparedness

The state of being ready in advance for any potential emergency, crisis, or disaster.

Instinctive Drift

The tendency for an animal's learned behavior to revert to its innate behaviors over time.