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One of the following is an example of how banks can reduce their transaction costs: a spreading the costs of hiring professional credit officers. b.

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One of the following is an example of how banks can reduce their transaction costs: a spreading the costs of hiring professional credit officers. b. spreading the cost of branches and office equipment c. spreading the cost of writing a one-time loan contract tailored to a specific client d. spreading the cost of monitoring and enforcing debt contracts. Clear my choice

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