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Suppose that a customer at Bank of America demands that $280,000 be transferred to a competing commercial bank because the competing commercial bank is offering
Suppose that a customer at Bank of America demands that $280,000 be transferred to a competing commercial bank because the competing commercial bank is offering higher deposit rates. What difficulty is Bank of America now dealing with and why are they dealing with this issue? Detail at least one way Bank of America can alleviate this problem.
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