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Fedwire Is a Wire Transfer Network Operated Through the Federal

question 94

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Fedwire is a wire transfer network operated through the Federal Reserve System to assist banks in making financial transactions among themselves, on behalf of themselves and customers.


Definitions:

Customer Profile

A detailed description of a business's typical or ideal customers, including demographic, psychographic, and behavior information.

Smart

Characterized by intelligent planning and execution, often applied to strategies, devices, or individuals that exhibit adaptability, innovation, and efficiency.

Order Size

The quantity of goods or services ordered in a single transaction.

Customer Benefit Plan

A strategy or offering designed to provide additional value to customers, encouraging loyalty and repeat business.

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