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Discuss the conflict that often occurs between short-run and long-run performance in asset replacement decisions.
Drawee
The party, usually a bank, required to pay the specified amount on a draft or check.
Drawer
The person or entity that writes and signs a check or draft, instructing the drawee (usually a bank) to pay the specified sum to the payee.
Payee
The individual or entity entitled to receive payment in a transaction.
Electronic Banking
The use of computer networks and digital technologies to conduct financial transactions and access banking services.
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