Sweden, some banks have closed their ATMs, no longer allow depositors to make cash withdrawals in person
Question:
Sweden, some banks have closed their ATMs, no longer allow depositors to make cash withdrawals in person at branches, and no longer accept cash deposits.
a. What are the benefits to a bank from taking these actions? What are the costs?
b. How might a bank measure the costs and benefits in making a decision about whether to go cashless?
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a The benefits to the bank would be the reduction in cost from eliminating ATMs and cash withdra...View the full answer
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Related Book For
Money, Banking, and the Financial System
ISBN: 978-0134524061
3rd edition
Authors: R. Glenn Hubbard, Anthony Patrick O'Brien
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