A credit crisis in the financial markets can improve bank efficiency by: a. Focu

Question

A credit crisis in the financial markets can improve bank efficiency by: a. Focusing the bank underwriting department on firm-specific risk factors associated with default. b. Forcing banks to reduce staffing needs by eliminating wasteful or unnecessary functions. c. Marking banks compete more rigorously for customers in a tougher market. d. None of these are reasons that a recession helps improve bank efficiency. e. Items a, b and c are all reasons that a bank improves efficiency during a recession.

Explanation / Answer

Items a, b and c are all reasons that a bank improves efficiency during a recession.

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