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The fee is the y-intercept, and the exchange rate is the slope. These businesses make money by manipulating either or bother of these numbers.
by mathgenius 4y ago
The fee is the y-intercept, and the exchange rate is the slope. These businesses make money by manipulating either or bother of these numbers.
- huijzer 4y agoAgreed. I saw it also happen for "reputable" stock brokers. They claimed no fees but always had a appalling exchange rate.
- TeMPOraL 4y agoThis applies to all goods and services. If everyone else is charging a fixed fee on top of a proportional one, and then one vendor advertises having no fixed fee, you can be certain that they're recouping it some other way - be it a steeper slope, non-linear pricing, or just a bunch of extra fees that will materialize after they lock you into a contract.