Many banks charge a fee for wire transfer servicesthe transfer of funds from one financial institution to
Question:
Many banks charge a fee for wire transfer services—the transfer of funds from one financial institution to another via telephone lines or other elec¬ tronic media, including wireless communications. Illustrate graphically the impact on the supply of wire transfer services of
(a) the innovation of satellites that replace telephone wires and
(b) an increase in the wage paid to wire transfer operators.
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Money Banking And Financial Markets An Economic Approach
ISBN: 9780395643952
1st Edition
Authors: Michael R. Baye, Dennis Jansen
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