4a) Economies of scale enable financial institutions to A) reduce transactions costs B) ayeid the asymmetric informationproblem. C) ayoid adverse selection problems. D) educemoral hazard 4b) An example ofeconomies of scale in the provision of financial services is A) investing in a diversified collection of assets. B) poviding depositors with a variety of savings certificates C) hiring more support staff so that customers don't have to wait so long for assistance D) spreading the cost of writing a standardized contract overmany borrowers. 4e) Einancial intermediaries provide customers with liquidity services. Liquidity services A) make it easier for customers to conduct transactions B) allow customers to have a cup of coffee while waiting in the lobby C) 8ce a result of the asymmetric information problem. D) are another term for asset transfomation 4d) Reducing risk through the purchase of assets whose retuns do not always move together is A) diversification B) intermediation C) intervention D) discounting 4e) Money is A) anything that is generally accepted in payment for goods and services or in the repayment of debt B) a flow of earnings per unit of time. C) the total collection of pieces of propesty that are a store ofvalue. D) always based on aprecious metal like gold or silver