The Green Transfer Co

question 41

Essay

The Green Transfer Co.utilizes a concentration banking system and is determining whether to request wire transfers or depository transfer cheques.What would you suggest, given the following: wire transfer saves three days of float but increases costs by $45.The current interest rate is 10 percent annually.Next year, however, technological changes will occur that reduce the float savings to two days from three, and the incremental costs will be reduced to $35.

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Definitions:

Nationalism

The strong identity associated with an extreme sense of allegiance to one’s culture or nation.

Occurrence Examples

Specific instances or cases that serve to illustrate a concept, phenomenon, or pattern.

Privatization

The transfer of ownership of property or businesses from the government to private individuals or organizations.

Military

The armed forces of a country, responsible for defending it against threats and ensuring national security.