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Economics 1st Edition by Dean Karlan,Jonathan Morduch
Edition 1ISBN: 978-0073511498Economics 1st Edition by Dean Karlan,Jonathan Morduch
Edition 1ISBN: 978-0073511498 Exercise 10
Dora and Vicki are bartenders. Dora prefers her tips in cash because she can have the money right away. Credit-card tips don't get paid to bar staff until the payments are processed, which can take a few days. Vicki still prefers for her customers to put her tip on their credit card. Why might Vicki have this preference?
Explanation
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Fungible g...
Economics 1st Edition by Dean Karlan,Jonathan Morduch
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