Economies of scale is the advantage that a larger fi may

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Economies of scale is the advantage that a larger FI may have over an smaller financial firm due to a drop in the average costs of production as the output of an FI increases (Saunders & Cornett, 2011 p. 491). Economies of scope means would be the advantage that two firms would have over other firms if the two firms were to join operations.

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Economies of scale is the advantage that a larger fi may

Reference no: EM13483886 , Length: 10

Reference no: EM13483886

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