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Why would annual interest rates be a relevant baseline for a transaction fee?
by wutbrodo 7y ago
Why would annual interest rates be a relevant baseline for a transaction fee?
- jhwang5 7y agoBecause banks borrow short, lend long. This is an exogenous fee generating bonanza for banks. It’s not that much different from someone selling you masks at a steep price. issuing these loans do not cost banks anywhere even close to what they charged.