Economies of scope
a. Argue for complementary financial products to be offered by banking organizations |
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b. Are achieved through universal banks in some countries |
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c. Are achieved, in part, through holding companies in the United States |
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d. All of the abov |
Option d.all of the above because. Economies of Scope
state that when multiple products are launched then savings is more
then when only one product is produced.
Complementary financial products increase the services and offering
of banks but they cause economies of scope.
Universal banks provide variety of banking services in countries
which help in attaining economies of scale.
Economies of scale is observed in medium or large holding financial
firm.
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