the current structure of financial markets can be best understood as the result of a 638884
1) The current structure of financial markets can be best understood as the result of attempts by financial market participants to
A) adapt to continually changing government regulations.
B) deal with the great number of small firms in the United States.
C) reduce transaction costs.
D) cartelize the provision of financial services.
2) The reduction in transactions costs per dollar of investment as the size of transactions increases is
B) economies of scale.
C) economies of trade.
3) Which of the following is not a benefit to an individual purchasing a mutual fund?
A) reduced risk
B) lower transactions costs
C) free riding
4) Financial intermediaries develop ________ in things such as computer technology which allows them to lower transactions costs.