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In Order to Justify the Cost of Using a Wire

Question 3

Multiple Choice

In order to justify the cost of using a wire transfer instead of an EDT (electronic depository transfer) ,your company must transfer a minimum of $200,000.The EDT has a one business day availability.If the EDT availability were two business days,what is the minimum transfer amount that would justify a wire transfer?


A) $100,000
B) $200,000
C) $400,000
D) the amount cannot be calculated without more information

Correct Answer:

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