Answer :
When a financial institution supplies a standardized financial product such as a mortgage, it is: reducing transaction costs.
What is an institution that manages and accommodates a nation's finances?
A central bank is a financial institution that is accountable for overseeing the monetary system and policy of a nation or group of nations, controlling its money supply, and setting interest rates.
Who uses financial institutions?
Almost everyone maintains a protection or checking account, uses debit or credit cards, or needs a loan. Online banking is an electronic way to view account training and pay bills via the Internet and an institution's website.
To learn more about financial institution ,refer
https://brainly.com/question/9297059
#SPJ4