1. The gradual reduction of bank branches has been motivated by:

Select one:

a. geographical spread.

b. cost reduction.

c. activity diversification.

d. safety.

2.Futures contracts differ from forward contracts in all of the following ways except:

Select one:

a. futures markets are more formal than forward markets.

b. futures contracts are standardised; forward contracts are not.

c. forward contracts involve an intermediary or exchange.

d. delivery is made most often in forward contracts.