11.   For them, the attraction of standardised exchange traded options is mainly due to the low transaction cost, flexibility and ease of trading of this type of instrument.

12.   This may relate to transactions costs and limits on proportions of issues that can be lent.

13.   The business can therefore achieve maximum protection at minimum transaction cost, promoting its competitiveness.

14.   Moreover, any monopoly tendencies in the market will tend to increase transactions costs and lead to an inefficient mechanism of channelling funds from savers to borrowers.

15.   And in the case of the increasingly popular no-load mutual funds, there are no transaction costs.

16.   Annual sales will run up transaction costs, as will the resultant taxes.

17.   At the time Coase wrote his theory, transaction costs were prohibitively high.

18.   Because it is such a low-cost communications technology, the Internet holds the promise of drastically reducing transactions costs.

19.   Because the professors did not include transaction costs in their calculations, it is not clear what the true return of the simulation would have been.

20.   Because of their frequent trades, sector-rotation investors should aim to avoid transaction costs.