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    Financial Markets and Institutions Study Set 1
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    Exam 7: Why Do Financial Institutions Exist?
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    A Financial Institution Can Achieve Cost Savings in Its Credit
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A Financial Institution Can Achieve Cost Savings in Its Credit

Question 42

Question 42

Multiple Choice

A financial institution can achieve cost savings in its credit card operations if it increases the number of cardholders.This is an example of economies of


A) scope.
B) scale.
C) complexity.
D) information.

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