Economies of scale is the advantage that a larger FI

Economies of scale is the advantage that a larger FI may have over an smaller financial firm due to a drop in the average costs of production as the output of an FI increases (Saunders & Cornett, 2011 p. 491). Economies of scope means would be the advantage that two firms would have over other firms if the two firms were to join operations.

What does everyone think about this statement? Do you agree or disagree? Anyone??